S&P500 Channel Down bottom buy opportunity.
The S&P500 index reached on Friday the bottom of the 3 month Channel Down and today's big (1d) green candles shows us that the Lower Low is most likely priced.
Technically this is the most ideal buy entry for a rise towards the top of the pattern.
Every top/ Lower High reached at least the 0.618 Fibonacci retracement level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 4285 (0.618 Fibonacci level).
Tips:
1. The RSI (1d) made a Double Bottom and rebounded, a strong bullish sign. Pay attention to the Falling Resistance, you may want to book the profit earlier on a potential rejection there.
Please like, follow and comment!!
Notes:
Past trading plan:
Technically this is the most ideal buy entry for a rise towards the top of the pattern.
Every top/ Lower High reached at least the 0.618 Fibonacci retracement level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 4285 (0.618 Fibonacci level).
Tips:
1. The RSI (1d) made a Double Bottom and rebounded, a strong bullish sign. Pay attention to the Falling Resistance, you may want to book the profit earlier on a potential rejection there.
Please like, follow and comment!!
Notes:
Past trading plan:
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.