SP500: Medium-Term Consolidation
In monthly time frame, we see a possible development of "C Area" and potential arrest of technical rebound, we think that from this area, could start a second bearish leg with potential test 50MA developed with (a)AB=CD bearish pattern. TARGET 1 @ 1.895 (d AREA) and TARGET 2 @ 1.795 (D AREA) and a stop protection above 88.6AB or HS.
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SignalSuisse
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SignalSuisse
nonsolotrading.com
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