Hello traders:
Some of the US Indices could shape up for some short term sell entries on the lower time frame.
We can see a clear ascending channel correction, hit the previous highs, and continue to consolidate.
This is a good indication that we can expect the bullish momentum may be slowing down, and a bearish reversal could come in.
Currently price is at the top of the channel structure, wait for a Completion of a Head and Shoulder pattern,
lower time frame continuation correction to look for the sell entry down to previous lows.
Note
Note
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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.