SP500 Big short oportunity

Keep the eyes open for next week.


Weekly chart closed with an hanging man pattern at the end of a wedge pattern indicating a strong weakness of the price.

When looking at the H4 chart we see an Head and Shoulder pattern set up with the top of the right should formed with a potential double top.

Next steps:

- Wait for double top confirmation on the on the 15min / 30min chart to to scalp short the right should of the H&S formation
- If we see a H&S breakout we are going long short with huge returns.

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