As you can see below we have raided structure on SSL/BSL and we came back to a discount... Y'all know what that means right? Bullish and I have my targets posted with this. Pretty simple trade here for a minimum 28% return on this with other TP's posted.
SPY created a weekly sell model, we targeting the low. Ideal area is going to be $460-480. All we did was a bearish retest and filled the -FVG and nuke.
Below I entered out the trade Look to enter in Green fibs targeting HTF Equal Highs. Manage Risk
This looks horrible on HTF for SPY, be warned a market crash is coming
Do not get fooled this is not the bottom, we are currently in a premium zone and never touched a discounted zone. This bounce is nothing but bait for retail, so be patient and look for shorts above and long after we enter a discount and a market structure shift.
Looking at shib on HTF, we have one more push down and the bottom is in. I’m looking for a long around .705 fib level targeting ATH