Bullish channel forming on the S&P 500 via higher highs and higher lows, with full of liquidity in the south via Long stops.
On the same level in which we are, in the past we made a bullish channel followed by the confirmation of the Bear flag.
Will we break down the channel this time also? or will the short-term bullish trend continue?
https://www.tradingview.com/x/aJwDNBm7/
I opened a short position yesterday aggressively for 2 major reasons:
1- The candle with the long wick on the S&P 500 after rejection of the resistance.
https://www.publish0x.com/the-king-of-crypto/bearish-double-divergence-on-btc-and-the-s-and-p-500-to-watc-xlqzgjg
2- The news: US government declares monkey pox a public health emergency
https://www.ctvnews.ca/health/biden-administration-declares-the-monkeypox-outbreak-a-public-health-emergency-1.6014563
I will add more positions to the short on the breakout by several levels:
- The key support level at 4090 on the S&P 500.
- On the BTC at: 22940$ / 22600$ / 22440$ / 21200$ / 20700$ / 19300$
The invalidation of the short will be with a close above $23840 on BTC and also 4175 on the S&P 500
https://www.tradingview.com/x/P3b12JCV/
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