SPX Daily Trend Model
I still find it fascinating how prices tend to approach the trend line on retracements, then fall short and resume the dominant trend. Look at the most recent set of blue candles, five "up" candles that retraced to the vicinity of the trend line around May 10-14, then resumed the downtrend. This pattern may very well provide additional entry points in sync with the dominant trend.
A
1 comment:
Thanks Allan,
looking for etf under $10 got any one you prefer?
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