Chart Patterns & Algorithmic Trader (Jun 10, '19) (18)
$SPX Megaphone Pattern
s
Reviewed in CPAT 1/29/18
$SPX.X (Daily) is trading in a Megaphone pattern. MegaPhone patterns tend
to reverse their price trends in 5 swings from upper and lower trendlines
until they breakout or breakdown. Price is trading above 200-SMA and mid
MP level, on any pullback conditions, these levels could act as support.
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