simtrader19a
PremiumHAL has broken upper trend to form a Bullish Wedge pattern
Monthly chart has developed a confirmed Bullish wedge pattern
Breakout has occurred on Monthly chart of Bullish wedge pattern
Buyers have broken upper trend line of a HUGE Bullish Flag Pattern
Strong sellers with increase of volume that has broken demand level, for a continuation to the down side
Sellers have come into market for profit taking causing divergence, to trade the retracement
monthly is at a strong demand area, Weekly has tested the 18.00 level, Daily making a higher swing low with strong buyers, Seeing this I expect that SPX 500 will conduct some type of retracement. FANG stocks will lead the move
WEEKLY trend is up and daily swing is up so playing impulse in an uptrend, 4H has a number of doji and last being a hammer candle pattern, Could enter or wait for price to break supply on 4h for continuation to up side
Sellers taking control in a downtrend coming of supply for continuation
Buyers have broken upper trend line in an uptrend for continuation