S&P 500 - Inverted Cup and Handle
In this chart, I'm expecting a future bearish trend. The basis for this analysis was based on the inverted cup and handle that I saw - which seemingly has a high probability of success. I've placed the stop loss above the previous high and placed the sell stop below the neck line.
The projection is the distance from the midpoint to the top of the curve. I've highlighted the projection as a reference. I expect both TPs to hit.
Let's see how this one plays.
The projection is the distance from the midpoint to the top of the curve. I've highlighted the projection as a reference. I expect both TPs to hit.
Let's see how this one plays.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.