S&P500 Index (SPY) Classic Bullish Accumulation Pattern 📈
Hey traders,
S&P500 is trading in a global bullish trend.
However, since November the market is consolidating.
The price sets equal highs around 4750 structure.
At the same time, the index sets higher lows indicating a bullish accumulation.
Your plan is to patiently wait for a bullish breakout of the underlined blue structure and then buy on a retest.
Your goal will be based on a major rising trend line that the price is respecting since May.
❤️Please, support this idea with like and comment!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
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.