Long on SPX500, posted a bit late
1. failure to break low and create a lower low.
2. strong break on the last high to create a higher high.
3. a series of higher highs and higher lows.
4. price is trading above the moving average.
5. 61.8% retracement.
6. wick rejections.
7. bullish engulfing bar.
2. strong break on the last high to create a higher high.
3. a series of higher highs and higher lows.
4. price is trading above the moving average.
5. 61.8% retracement.
6. wick rejections.
7. bullish engulfing bar.
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.