Fractal structure of SPY - Part [003]

[Collapse]

Part [002] https://www.elitetrader.com/et/threads/fractal-structure-of-spy-part-002.376694

TF = H1

Instrument: https://www.moex.com/en/contract.aspx?code=SPYF-12.23

The attempt to break the downward trend was hindered by a strong horizontal level. I expect the price to continue to decline until the downward movement balances out.

 

[maxinger]

It looks more like Hamas rockets path, rockets misfire, and Israel's Iron Dome at works.