S&P500 Bullish Falling Wedge Hourly

2019년 5월 8일

Normally, this is a bullish pattern.

The bottom support line is key, so long as we do not break below it, the bias remains long.

However, do note that if the support breaks decisively, I expect a waterfall of selling to take place as longs who are betting on the same thing as aforementioned will be rushing for the exits,

2019년 5월 9일

코멘트

If this structure breaks, we get deluge of selling

2019년 5월 9일

코멘트

So far, they will close the 11 am hourly candle inside the wedge structure.

Defended by bulls for now.

2019년 5월 9일

코멘트

Awesome, I was in on that burst!

Cleared until resistance!

2019년 5월 13일

코멘트

Just wanted to have a snapshot of this. Best to stay out until this resolves.