The S&P500 index / US500 is testing the Rising Support of Higher Lows this week, stemming directly from the bottom of the 2022 correction.
A symmetric Support is just underneath and this pattern has various (dashed or bold) stemming from the Bear Cycle.
What many may fail to see though is a giant Inverse Head and Shoulders pattern that is forming the Right Shoulder.
If that's the case, then S&P can target the Fibonacci 2.0 level at 5800 as early as mid 2025!
Too much to ask??
Follow us, like the idea and leave a comment below!!
A symmetric Support is just underneath and this pattern has various (dashed or bold) stemming from the Bear Cycle.
What many may fail to see though is a giant Inverse Head and Shoulders pattern that is forming the Right Shoulder.
If that's the case, then S&P can target the Fibonacci 2.0 level at 5800 as early as mid 2025!
Too much to ask??
Follow us, like the idea and leave a comment below!!
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TELEGRAM: t.me/thecryptagon
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.