Don't forget Gaps
Updated
Traders,
Here we have SPX on 4h chart.
We have:
1- Overbought on RSI will lead to bearish divergence in the next few days to fill the gap before the black day of the crash.
2-Double bottom chart pattern that had broken neck line with TP 3231 "Nice level to resist this bull run.
3-After confirming Bearish divergence on RSI will have Major support at 89 MA and lower one at 200 MA which is located at the first GAP of Mid May
If it all goes well I'll update this idea Like if you want updates.
Regards,
Here we have SPX on 4h chart.
We have:
1- Overbought on RSI will lead to bearish divergence in the next few days to fill the gap before the black day of the crash.
2-Double bottom chart pattern that had broken neck line with TP 3231 "Nice level to resist this bull run.
3-After confirming Bearish divergence on RSI will have Major support at 89 MA and lower one at 200 MA which is located at the first GAP of Mid May
If it all goes well I'll update this idea Like if you want updates.
Regards,
Note
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