SPDR S&P 500 ETF TRUST
Short
Updated

SPY ... Head and Shoulders pattern on Hourly [short setup]

349
I saw Head and Shoulders pattern on SPY hourly chart ... I have made these notes on the chart on 19th Feb . However I didnt get chance to publish the idea nor I took the SHORT trade.



Please note , this pattern already completed , dont enter any short trade now ... I Just wanted to share , to show how the pattern works
Note
after breakthrough support line , see exactly it dropped 7 dollars , which is the height of neck ... so thats measured move

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.