Submitted by gtrades31 t3_zxq4ns in wallstreetbets
gtrades31 OP t1_j21naxk wrote
SPY 4h. Broke down the internal uptrend channel & near to retest the weekly flag lows (yellow lines); if it get rejected & turns upward there could be another potential reentry or close inside a new developing uptrend pattern to work with.
DroopedSteelBean t1_j21on3x wrote
That’s really fascinating. What do the lines mean?
J3ster14 t1_j21qir9 wrote
I think OP is saying SPY could either go up or down from here.
sndlgoupplz t1_j21rypl wrote
Hes saying down
J3ster14 t1_j21tbx5 wrote
Sure, but if a green bar goes above that diagonal line... HOLD ON TO YOUR BUTTS!
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