SPY
SPY has broke under the yellow trigger-line, from the previous confirmed Pitchfork.
I have been waiting for this confirmation before entering a new short position.
Plotting a new Fork from the most recent Hi-Lo-Hi pivots, we see that the upper parallel has been retested and has also held price. (Red Fork)
SPY has a 70-80% chance to reach the latest Median Line. (Red Fork)
I approximated a target on the Red ML using a trendline from previous low pivots.
Target = SPY 325.
Target Date = May 10th, 2023
Short SPY.
Fat_Fat
Kommentera:
Hagopian Gap --> Left Ascending Fork --> Trigger Line x Median Line Energy Point = 325 SPY in Early - Mid May