S&P 500 Downwards Sloping Failed W-Bottom
Aktualisiert
1. A Reaction Low formed and Broke Through the Lower Bollinger Band.
2. Price Moved Back around around SMA (Middle Line) and Failed to Test or Exceed it.
3. A Second Drop in Price Created a New Low.
4. A Weak Move Brought Price Towards the Middle Band (SMA) and Failed Exceed it - and was Rejected There, at Resistance.
2. Price Moved Back around around SMA (Middle Line) and Failed to Test or Exceed it.
3. A Second Drop in Price Created a New Low.
4. A Weak Move Brought Price Towards the Middle Band (SMA) and Failed Exceed it - and was Rejected There, at Resistance.
Anmerkung
Note! Momentum is to The Upside. So we can still find Support and Break Through the Middle and Upper Bollinger Bands. -Anmerkung
A Hold of of 3374.60 is what i would like to See.Anmerkung
But i Think the Probability is we find Support, Test the Upper Bollinger Bands and go Lower to test other levels. or we Fail to Find Support here and test LowerAnmerkung
Creating another New LowAnmerkung
Lower than the Last and Another New High Lower than the Last.Anmerkung
Confirmed
Haftungsausschluss
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