SPY BULL FLAG IN MAKING
Updated
- Spy has rejected at fibo retracement 0.5
- Breakout on weekly trend line and pullback at 0.382 fibo retracement
- Last week hammer candlestick and rejected at 0.382( 391.49)
- If complete chart pattern bull flag and break out it will going to zone 0.5(427.43) —0.618(435.71) fibo ext.
- On that zone got resistance
- Breakout on weekly trend line and pullback at 0.382 fibo retracement
- Last week hammer candlestick and rejected at 0.382( 391.49)
- If complete chart pattern bull flag and break out it will going to zone 0.5(427.43) —0.618(435.71) fibo ext.
- On that zone got resistance
Note
- Chart pattern fail due to NFP on Friday.- Reversal bearish candle appeared.
- NFP hike of interest rate.
- link with closure SVB.
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