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VasilyTrader
24 de Mar. de 2020 13:40

SPX500 INDEX (SPY) CATCHING MARKET RECOVERY! Largo

S&P 500 index of US listed sharesFXCM

Descripción



hey guys,

pay attention to this falling wedge pattern on 4H.
currently, we see an attempt of bulls to break above it.

we need 4H candle close to confirm a breakout, then we are free to buy the market expecting a retracement at least to 2690.

good luck!

please, support the idea with like and comment! thank you!
Comentarios
BiGApple-FX
Looking at the one of the best indicators that most of investors, institutions, mutual funds and other big companies look for are the Yield Curves. Looking now at them you will see a very good indication that the US Economy will collapse and the US Economy will sooner or later will face recession.

Have a good trading week and be safe ;)
VasilyTrader
@BiGApple-FX, have a good week brother and good luck!
illuminating_trade
I went as a long position since I caught the reversal signal. Cheers! Your analysis is always outstanding
illuminating_trade
Your target point is almost to the destination
illuminating_trade
Do you still think it is long?
The market is super confusing.
Zen-Trades
Nice analysis. I am short for now with a target of the gap fill. US job numbers come out which could really upset the markets. I think they are underestimating it by a large magnitude.
ReallyMe
How should the market recover from something that hasn't really started yet? What we have seen so far is nothing at all, it will go much lower. Just my opinion.
illuminating_trade
Thank you!
Starhaze2
looks good... RSI divergence is screaming bounce meanwhile Wallstreet Bets peeps are all short... the buying panic will be glorious
VasilyTrader
@Starhaze2, thank you for your comment brother!
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