privatepizza111

V Bottoms: Confirmation

Education
SP:SPX   S&P 500 Index
Notice the red circle, how the moving average doesn't cross back bullish. The issue is V Bottoms retrace back 50% but this wasn't the movement it appeared to be. Because the average doesn't help confirm a high we should omit this price. Now look at the red arrow. This high retraced a qualifying ~75%, and signaled with the moving average; this suggests how to continue trading because we identify the chart pattern accurately.
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