We've seen this kind of setup before. Usually these can be rather good topping patterns. Should the US500 fail to break above the black line indicated and go on to print a new all-time high, we would target the black trend line that coincides with the purple support/resistance level. Wait and see... but our call is that we get a proper correction here.
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Most ideas posted here are generated within our client community. Open your account and join our team to get the inside track on our trade ideas.
herenya.co.za/hca-trading/
herenya.co.za/hca-trading/
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.