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SPX500 Look for this short sell
S&P 500 Index
Short
SPX500 Look for this short sell
By jojofang0901
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Updated
Jul 16, 2020
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Jul 13, 2020
Hello everyone:
I am seeing a potential sell opportunity on SPY.
The current price action had a double tops, price correctively formed a rising wedge structure towards that area.
We see a sharp drop on the lower time frame, and a potential Head and Shoulder pattern in the making.
I will look for continuation structure to develop here before an entry will be enter.
Look for price to break out of the structure to the recent lows.
Thank you
Jul 16, 2020
Comment
Price bounce back up, potentially creating a recent double tops, and small correction forming here. Still looking for the sell entry.
Jul 16, 2020
Comment
Double Top or Bottom
Flag
priceaction
structure
Wedge
jojofang0901
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