SPY TA
Hi all im back bit rusty so if anything is wrong plz notify me !
First of all caveat emptor ( buyer beware) trade at your own risk im not responsible for your loss,
My TA shows a bear flag in the left which caused the double bottom to form at S1 a bullish signal that caused the first dead cat bounce rally in October which got rejected again at point R1 (marked Red) and fell again forming another double bottom this led to the second dead cat bounce rally it got rejected at R1 again falling again forming yet another double bottom which indicates another rally, ( RSI is nearly oversold supporting a rally soon) this has me worried as if it rises again it appears to be forming a H+S pattern a very bearish reversal, this is what i will be looking out for this week! i shall notify promptly if it comes true.
stay safe yall gl in the trading world
First of all caveat emptor ( buyer beware) trade at your own risk im not responsible for your loss,
My TA shows a bear flag in the left which caused the double bottom to form at S1 a bullish signal that caused the first dead cat bounce rally in October which got rejected again at point R1 (marked Red) and fell again forming another double bottom this led to the second dead cat bounce rally it got rejected at R1 again falling again forming yet another double bottom which indicates another rally, ( RSI is nearly oversold supporting a rally soon) this has me worried as if it rises again it appears to be forming a H+S pattern a very bearish reversal, this is what i will be looking out for this week! i shall notify promptly if it comes true.
stay safe yall gl in the trading world
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