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Correction: Counter Trend Break Away Pattern on 6-26
SPDR S&P 500 ETF TRUST
Long
Correction: Counter Trend Break Away Pattern on 6-26
By BradMatheny
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Jun 26
2
Jun 26
This is a correction video representing the Counter-Trend mode of today's BreakAway pattern.
I created the first video thinking this was a Trending pattern.
Counter-trend patterns tend to reflect a reversal of price direction related to the last 3~5 days price trend.
In this video, I go over how I view Counter-Trend patterns vs. Trend/Carryover patterns.
Look for initial weakness in price followed by what I believe will be a strong rally phase this afternoon.
Here we go...
breakaway
Bullish Patterns
Chart Patterns
ES
Technical Indicators
NQ
QQQ
S&P 500 (SPX500)
SPDR S&P 500 ETF (SPY)
Trend Analysis
trending
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BradMatheny
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Plan Your Trade 6-26 - SPY BreakAway Pattern
by BradMatheny
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