spx 2hour advanced xabcd short from resistance

٢٢ مارس ٢٠٢٣

Hello traders, this is 2hour chart of SPX (S&P500). Currently looking
at speculative XABCD setup, advanced entry on sell side from overhead
resistance at point C, which is 4218. Points X/A/B confirmed already.

Pattern overview and levels: X at 3742, A at 4173, B at 3853,
point C and 4218 and point D/PRZ at 3615 (extension).
Point C/D also coincide with liquidity gaps, so this improves
odds of putting on a successful trade at C/D.

Recommended strategy: wait for price to max out near C
at 4128 and short sell from overhead resistance, bears will
target point D at 3615 to complete the pattern structure.
Later on bulls may look for a reversal near point D, but right
not it's too early to look for bullish setups in this market.

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