S&P500 Buy Signal
Pattern: Bullish Megaphone on 4H.
Signal: Buy as the price just rebounded right above the Megaphone's Higher Lows trend-line. The RSI did the same on its own Support, while the MACD is close to forming a Bullish Cross.
Target: 3840 short-term (right above the 4H MA50 as on the Feb 24/ March 01 rebounds) and 4,040 long-term (the 1.382 Fibonacci extension).
**Important Note** The 4H Death Cross is theoretically a Bearish Signal but last time was formed right on the bottom:
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Signal: Buy as the price just rebounded right above the Megaphone's Higher Lows trend-line. The RSI did the same on its own Support, while the MACD is close to forming a Bullish Cross.
Target: 3840 short-term (right above the 4H MA50 as on the Feb 24/ March 01 rebounds) and 4,040 long-term (the 1.382 Fibonacci extension).
**Important Note** The 4H Death Cross is theoretically a Bearish Signal but last time was formed right on the bottom:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Cryptorphic
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