Akil_Stokes

S&P 500 - Bearish Gartley Pattern

שורט
AMEX:SPY   SPDR S&P 500 ETF TRUST
Had this on my watchlist this morning but forgot to share, but here we have a completed bearish gartley on the S&P. Recently price has also put in a doji candles followed by a lower low, lower close candles which is a positive sign for bearish traders.

Now it's important to remember that with these pattern formations we're not predicting full blown reversals in trend, rather just a short period relief.

If you have any questions or comments, please leave them below. Also I run a LIVE STREAM here on Tradingview each Tues, Wed & Thurs at 7:30 am New York time. Feel free to stop by if you have the time.

Akil

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