going back to that 120 min chart, there's two main over gaps
below. The simple symmetry measurement of the first leg down would
take price basically to fill that first gap and near a double
bottom of the Dec low.
however if you simply use the total measurement of the H&S
pattern (head to neckline) and subtract that from the neckline, you
get a target right at that open gap from Oct
SPX 120
Posted by matt on 13th of Jan 2022 at 07:06 pm
$SPX - Chart Link
going back to that 120
Posted by matt on 13th of Jan 2022 at 07:26 pm
going back to that 120 min chart, there's two main over gaps below. The simple symmetry measurement of the first leg down would take price basically to fill that first gap and near a double bottom of the Dec low.
however if you simply use the total measurement of the H&S pattern (head to neckline) and subtract that from the neckline, you get a target right at that open gap from Oct
I wanted your opinion on
Posted by rareto25 on 13th of Jan 2022 at 08:12 pm
I wanted your opinion on the SPY chart, but looks like similar charts.
https://stockcharts.com/c-sc/sc?s=SPY&p=60&st=2021-09-12&i=p27184062649&a=625861997&r=1642122396585&r=1642122642894