SPY Daily Bearish Idea
The red bullish pattern is invalid so I am anticipating it to fractal and become a left wing on a larger bullish pattern. The blue bearish pattern is valid so I am anticipating to create a new low into my downside target area. I am bearish on the weekly chart so this is a daily target on this particular pattern. I am trading the AB=CD into my downside target area. See related idea for the weekly target area.
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