$SPY Identical Top Bearish candlesticks pattern
Updated
Hangman candle at top of bull wave suggest opening lower on Monday followed by pullback to 400-402 levels. Highest MFI reading!! more likely will re-test that red channel. if breaks it down then more likely to see 10-15% correction which will lead to 395-385-373 levels but market showing soo strong signals and may be this current bull wave last to Oct or Sep but with extra caution for hard correction!! . the best scenario is to pullback to adjust indicators and make new support above 400 then continue up targeting 430-460 but lets see!!
Trade active
Opened lower and closed red candle Trade active
Prefect
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