SPY - Exploring a Classic Drop Base Drop Trading Setup

Hey traders! 👋📊 Today, let's dive into an intriguing classic drop base drop setup that has caught my attention on the charts. 📉💼

The recent market movement revealed a lucrative pattern, highlighted by today's MM (Market Makers) absorption. 📈💰 This absorption has strategically paved the way for a potential leveraged movement within the $449 dollar range, showing liquidity and absorption in the basing candles. 🚀📉

I'm watching this 449 for a Put re entry as MM may leverage in here for a second time.

Disclaimer: This content is for educational and informational purposes only. It is not intended as financial advice. Trade responsibly and always conduct your research. 💼🔍

Happy trading, and may the charts be ever in your favor! 📊📈🚀