[SPX] Diamonds Are For Bears

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Just noticed this gem...
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Diamond exactly on top of 1Y Peak Trend is pretty scary haha
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Seems about right...
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It's also kinda a 4D H&S.
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Bullish breakout? Bearish breakdown? Hold for confirm....
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False breakout to breakdown?
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false breakdown to real breakout!
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Sitting right back on the growth trend there. It seems strong enough but it's right on the edge. It'd be more bearish if it had fallen short of that fractal.
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Look at that beautiful diamond retest and reversal fractal straight up into yellow and through for the expected breakout.

The breakdown below blue was a clear downward continuation signal before the powerful up reversal into close.

Let's zoom into the 2M microcosm here...
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Algos man...
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It's like a cheat sheet for the trading day haha.
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Still hangin on this line...
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Broke under blue dotted, look for yellow break or bounce next...
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It broke but recovered and began a bounce, lets see how it reacts around the blue dotted again...
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Rejected off blue dotted slightly here, didn't reach yellow dotted...
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Rejected off yellow dotted and bounced off the new blue dotted and then broke through yellow...
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Chart PatternsFundamental AnalysisSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

Data analyst with a passion for best fit lines B)

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