Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
SPX500 Once Again at ATH, watch for bearish reversals
S&P 500 Index
Short
SPX500 Once Again at ATH, watch for bearish reversals
By jojofang0901
Follow
Follow
Updated
Jan 23, 2022
6
7
Cheer
Cheer
39
39
Jan 6, 2022
Hello traders:
Here on S & P 500, we can see price is at the top of the overall higher time frame structure.
This consolidation has been going on for quite sometimes, and many often when price hits the highs, we often see reversal of bearish price action.
Now as we can see on the lower time frame, there is bearish reversal development within the HTF structure, and a strong bearish impulse down.
Now, to confirm further downside, wait for continuation correction to form and complete, before looking for entry down
Thank you
Jan 10, 2022
Comment
Jan 23, 2022
Comment
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
Follow
Follow
Related publications
SPX Short Term Bearish Outlook
by jojofang0901
SPX500 Prepare for reversal down
by jojofang0901
SPX Third Time is a charm for the sell
by jojofang0901
S&P 500, Fourth time To Sell from the top
by jojofang0901
Can Covid-19 Sell off Happen Again ?
by jojofang0901
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
.