S&P500 / W1 : Overbought Signal and price confirmation... Ugly !

٩ مارس ٢٠١٩

TIP : when prices show an overbought signal with a lower high, the following wave generally reaches out to an oversold momentum and therefore most likely breaks trough the previous low.
The only way out of this pattern is to reach out to the previous high or ranging the local price area till momentum shows a squeeze pattern.

Hope this idea will inspire some of you !
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Kindly,
Phil