๐ Overview:
Exciting bullish setups on SPY with both Butterfly and Bat harmonic patterns on the 3-hour chart! ๐ These patterns are showing strong potential for an upward move.
๐ Chart Analysis:
1๏ธโฃ The Butterfly and Bat patterns suggest potential bullish reversals, with support holding around the $533.47 level.
2๏ธโฃ These double harmonic patterns provide strong bullish confirmation, making this setup particularly compelling. ๐
๐ฏ Trade Setup:
Profit Target 1: $548.53 ๐ฐ
Profit Target 2: $563.50 ๐ธ
Stop Loss: $533.47 ๐จ
๐ Why I'm Interested:
The combination of these two harmonic patterns strengthens the bullish outlook. ๐ These patterns often signal high-probability reversals, providing a great opportunity for a long trade.
The RVOL Average is supporting the creation of this patterns as well.
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Timeframe: Monitoring this setup on a 3-hour chart, which means keeping an eye on shorter-term price movements for optimal entry and exit points. โณ
๐ Stay Updated: Keep watching the price action and adjust your strategy as necessary. Let's capitalize on this opportunity! ๐ค๐
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