SPX long term Range Box Cloning analysis
The long term quarterly chart continues to show positive candle stick price action.Since we don't have a previous high as reference for next target, I'm using a range box cloning technique for next target(s). Next target is about the 2055 area, I've also placed other arrows as possible moves going forward.Looking at the 2 back clones you'll see that many pivots coincide with clone boundaries, this gives reliability to forward (top) clones.
Cloning should be used with other tools for confirmation. Works well in conjunction with trend lines and Fib.levels.Also CLONE boundary targets don't have to be perfect, if you see a reversal candle pattern just above or below a CLONE boundary that's good enough.
Cloning should be used with other tools for confirmation. Works well in conjunction with trend lines and Fib.levels.Also CLONE boundary targets don't have to be perfect, if you see a reversal candle pattern just above or below a CLONE boundary that's good enough.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。