My Spy Chart
Since I've started posting, I've notice that Im not the best at short-term analysis and struggled with patience which lost me a bit of money . So Im sticking to higher time frames to slow myself down, day-trading is not for me lol. But what I did see is that, just like a lot of things in this world the market follows the same rules of 3. Over and over I find patterns that will always have three touches top and bottom. And usually the final touches will always bleed out of the pattern before reversing.
My TA with SPY: From the looks of it, we have made our third touch within the ascending wedge and we are making our final push up for the third touch for both the wedge pattern and possibly to our Golden Line which sits right around the $500
If I'm wrong, then I'm wrong. But Im going to stick to my analysis because everything that I have marked up so far on SPY lines up...
My TA with SPY: From the looks of it, we have made our third touch within the ascending wedge and we are making our final push up for the third touch for both the wedge pattern and possibly to our Golden Line which sits right around the $500
If I'm wrong, then I'm wrong. But Im going to stick to my analysis because everything that I have marked up so far on SPY lines up...
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.