S&P500 Bullish Falling Wedge Hourly
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Normally, this is a bullish pattern.
The bottom support line is key, so long as we do not break below it, the bias remains long.
However, do note that if the support breaks decisively, I expect a waterfall of selling to take place as longs who are betting on the same thing as aforementioned will be rushing for the exits,
The bottom support line is key, so long as we do not break below it, the bias remains long.
However, do note that if the support breaks decisively, I expect a waterfall of selling to take place as longs who are betting on the same thing as aforementioned will be rushing for the exits,
Commento
If this structure breaks, we get deluge of sellingCommento
So far, they will close the 11 am hourly candle inside the wedge structure.Defended by bulls for now.
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Awesome, I was in on that burst!Cleared until resistance!
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Just wanted to have a snapshot of this. Best to stay out until this resolves.
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