[SPX] Diamonds Are For Bears
Just noticed this gem...
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Diamond exactly on top of 1Y Peak Trend is pretty scary hahaЗаметка
Seems about right...Заметка
It's also kinda a 4D H&S.Заметка
Bullish breakout? Bearish breakdown? Hold for confirm....Заметка
False breakout to breakdown?Заметка
false breakdown to real breakout!Sitting right back on the growth trend there. It seems strong enough but it's right on the edge. It'd be more bearish if it had fallen short of that fractal.
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Look at that beautiful diamond retest and reversal fractal straight up into yellow and through for the expected breakout.The breakdown below blue was a clear downward continuation signal before the powerful up reversal into close.
Let's zoom into the 2M microcosm here...
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Algos man...Заметка
It's like a cheat sheet for the trading day haha.Заметка
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Still hangin on this line...Заметка
Broke under blue dotted, look for yellow break or bounce next...Заметка
It broke but recovered and began a bounce, lets see how it reacts around the blue dotted again...Заметка
Rejected off blue dotted slightly here, didn't reach yellow dotted...Заметка
Rejected off yellow dotted and bounced off the new blue dotted and then broke through yellow...
Data analyst with a passion for best fit lines B)
Data analyst with a passion for best fit lines B)
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