Topping pattern or sign of strength? [Video] – Crypto News – Crypto News
Connect with us
S&P 500 bleeds to fresh lows on the day back of hawkish Fed Powell S&P 500 bleeds to fresh lows on the day back of hawkish Fed Powell

others

Topping pattern or sign of strength? [Video] – Crypto News

Published

3 years ago

on

Share:

Was the climatic run in the S&P 500 after the FOMC last week a topping pattern or a sign of strength?

Watch the video below to find out how to use the Wyckoff. method with volume spread analysis to interpret the price action, the key levels to validate the bullish scenario and the target price for the S&P 500.

The bullish setup vs. the bearish setup is 380 to 78 from the screenshot of my stock screener below suggested a positive market environment.

Watch out for a successful test as discussed in the video above before the next rally up.

It is better to wait for a pullback for entry setup rather than chasing the extended run for some outperforming shares as discussed in the live session.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending