S&P500 Index (SPY) Classic Bullish Accumulation Pattern 📈
Hey traders,
S&P500 is trading in a global bullish trend.
However, since November the market is consolidating.
The price sets equal highs around 4750 structure.
At the same time, the index sets higher lows indicating a bullish accumulation.
Your plan is to patiently wait for a bullish breakout of the underlined blue structure and then buy on a retest.
Your goal will be based on a major rising trend line that the price is respecting since May.
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