SP500 REVERSAL FORMATION
There is an AB=CD pattern that targets the channel lower band.
Also, EMA 200 coincides the lower band.
These two arguments renders the channel lower band a strong support which makes me think that this can be a reversal level.
Also, EMA 200 coincides the lower band.
These two arguments renders the channel lower band a strong support which makes me think that this can be a reversal level.
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