The SPY is still consolidating on declining volume getting ready to move. It looks like a continuation pattern(Yellow) from the overall major pattern breakout(Blue). The traditional target would be 425-430 where there is some nice resistance. If this pattern fails and breaks down, I will look for 393. This major breakout will help crypto breath really nice and BTC will most likely see 30k from it
تعليق:
تعليق:
And here is the weekly view which makes the volume profiles more clear
تعليق:
-THIS SETUP HAS PLAYED OUT. BEARISH BREAKOUT TARGET ACHIEVED.
تعليق:
تعليق:
"If this pattern fails and breaks down, I will look for 393."
It obviously failed and I had flipped bearish on the retest of the bottom trend line
It obviously failed and I had flipped bearish on the retest of the bottom trend line