S&P Weekly and 5-day pattern
After last week's HOOK pattern I expected more upside this week, but instead the price action has remained in a tight 5-day pattern range.
This range is now beginning to contract, which eventually lead to a breakout of the range and a continuation of the trend upwards.
However, after 3 days of trying to move upwards but failing, it won't surprise me that there is a reversal of trend and the breakout occurs on the downside.
- Daily Trading Set-ups & Analysis
Posts
