Clues of the FAKE breakout
- No followthru of bull candles on increasing volume
- Double top at previous resistance ~1350
- Rejection volume similar to breakout volume
- SP500 Rejection from key resistance (200DMA + Weekly Trendline)
Now we wait for more information. Bulls want tightening range on 4HR over the next few days and a bull break. But bears have an upper hand imo
GL HF
Have your stop losses
- No followthru of bull candles on increasing volume
- Double top at previous resistance ~1350
- Rejection volume similar to breakout volume
- SP500 Rejection from key resistance (200DMA + Weekly Trendline)
Now we wait for more information. Bulls want tightening range on 4HR over the next few days and a bull break. But bears have an upper hand imo
GL HF
Have your stop losses
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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.
Stop loss in
Related publications
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.