[SPX] Rejected Near Resistance... Watch This Downtrend Line!

Generally this yellow line should be useful for longing X over, shorting X back under or shorting a rejection. As long as markets don't just tank anyway. Got some great mileage out of it today.

Price rejected around my trend fractals where I was expecting, made for easy long and then short into close as we hit LHs on the way down.

GL all.

تعليق:

OK here's more context, added the 2W Peak Downtrend fractal as light blue here, that should be an important trend moving forward. Yellow is same angle here as OG idea and only created from today's data...

This steeper 1D Peak Downtrend seems bearish.

تعليق:

تعليق:

Oh yea, as expected...

تعليق:

تعليق:

Look at that beautiful breakout above light blue on the 5M after hanging on it for awhile...

تعليق:

These red fractal lines should reject again.

تعليق:

Right on cue!

تعليق:

Just a quick light blue retest, lets see if it bounces or falls through...

تعليق:

Here's the range to look for breakouts and breakdowns...