S&P 500 IndexUpdated S&P 500 - Its All in Patterns...
In our previous post we have seen a rounding top pattern.
Now a small rounding top is forming which creates a cup and handle pattern.
Support zone remains the same.
4415 - 4435 will act as the support if price fall.
This pattern will become invalid if it breaks upside and sustains above 4476 and fill the gap.
What you think? Gap filling or falling?
Give like and do comment to encourage the author.
Now a small rounding top is forming which creates a cup and handle pattern.
Support zone remains the same.
4415 - 4435 will act as the support if price fall.
This pattern will become invalid if it breaks upside and sustains above 4476 and fill the gap.
What you think? Gap filling or falling?
Give like and do comment to encourage the author.
Note
Gap filled. High made 4511. Note
Current level is also a support level. 
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Join my students group for Index Option Trading to earn and learn.
Join my students group for Index Option Trading to earn and learn.
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.