SPGI - WeeklySPGI- currently down 28% from the ATH, and still in its downtrend.
Has reached and held support at 327. Might see another touch of 327 before attempt to change the trend by gaining yellow (360.55)
Targets in orange if 360.55 is gained as support.
If support is lost then targeting below in cyan.
SPGI
SPGIit is an H&S with incorrect volumes but it is visible on weekly, I don't know if the volumes are important, maybe they are on the head but they are obscured by the enormous subsequent volumes and on the left shoulder they arrived a little late for the euphoria of the covid
perhaps in June there was a great build-up of sales
I'm interested in entering
SnP Global for further drops. SPGIA new fractal in formation post that rally on the daily. We are awaiting a revisit on the 0.618 level at first and for a divergence for an exit signal post. There is plenty of time for this to happen if Fibtime is to be believed.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
SPGI - Longer Term Trend Line SPGI has formed an ascending broadening formation or a megaphone pattern in two situations with a common uptrend line
In the first situation price dipped to the longer term (green) Trend line once the pattern completed
As the second situation is completing now, price should result in the same position on the longer term trend line (indicated by the curvy arrow)