SP500
Daily time frame you can clearly see the downtrend. Price is in a weird area right now. You can see the uptrend forming on 4hr better, also a not so perfect bullish pennant pattern has formed. We are at a breaking point in my opinion, if price does not break trendline ill buy until the stop loss is hit. Mind You it could be a mudslide at support turned resistance line or area on my chart. Could make double top.
Trade closed: stop reached
What a successful failure! Its ok price didn't agree with you do better next time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.