SPX500 Bearflag with rising wedge on hourly
Diupdate
Could be a big sell if the flag breaks - just be careful on longs, tight stops.
Komentar
Second attempt this morning to break out of wedge - Bulls be careful, you are on the attack - your flank is exposed cause you're attempting a breakout of a bearish pattern (rising wedge).Komentar
Appears wedge breakout was a trap.Update chart, this bear flag support has to hold or we waterfall down.
Komentar
Flag held, but now we have a pullback to rising wedge resistance breakdown, partial profits should be taken.Komentar
It's a strong support area, could be just a liquidity test before ripping higher. Hard to open a new position here if you're not already in - staying in cash for now.Komentar
Bulls screwed up here letting this flag break. We'll see how tomorrow plays out.
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