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RE: S&P500 pattern trading

in #sp5007 years ago

Nice pattern... (and GIF) :-)

If an upside trigger occurs, key support going forward would be the neckline...

Trade above the neckline post-breakout lends hope to reaching the upside measured target, while trade beneath diminishes such prospects...

Naturally, the pattern fails if new marginal lows occur prior to the measured upside price target electing...

Good luck with this interesting bullish trade set-up all!