EU50 bullish channel recognition?
S&P500 Prepare to sell
Sell as soon as the price breaks the gray with target the lower part of the channel. MACD Divergence gives us the green light to try a small sell against the trend: never fight the trend. At this point the most probable movement are the prices breaking the gray to get around the lower part of the channel to then rise up, ignoring the macd divergence (small divergence) OR the price breaking the gray and than breaking the lower part of the channel; sometimes when they end a long trend they do a fake fast break on the upper part with small volumes: that would be another signal of inversion. Larger view
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