Long

SPX500USD: Update 3 - Triangle above Triangle

Updated

On 4 hour chart, the price is consolidating in the form of a contracting triangle above the triangle formed previously on the Daily chart. This was one of the scenarios that I was expecting on the previous idea. If that triangle is going to keep the form we will see the price to move higher up to 3715 and 3822.

Thank you and Good Luck!

Note

Base idea:

SPX500USD: Update - One More Brick On The Wall

Note

Update-2-A-Strong-Move-Up-Or-Consolidation-Again

SPX500USD: Update 2 -A Strong Move Up Or Consolidation Again ?

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