The S&P500 index is trading inside a Channel Up on the (1h) time frame.
A (1h) Golden Cross was just formed and the whole pattern draws comparisons with November's (2024) Channel Up.
Both started with a +6% rise that pulled back to the 0.5 Fibonacci level, which in turn initiated the Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 6200 (near the 1.236 Fibonacci extension, like November).
Tips:
1. The RSI (1h) is also forming the same Channel Up as November, after getting oversold under 30.00.
Please like, follow and comment!!
A (1h) Golden Cross was just formed and the whole pattern draws comparisons with November's (2024) Channel Up.
Both started with a +6% rise that pulled back to the 0.5 Fibonacci level, which in turn initiated the Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 6200 (near the 1.236 Fibonacci extension, like November).
Tips:
1. The RSI (1h) is also forming the same Channel Up as November, after getting oversold under 30.00.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.