Three White Soldiers – Get In and Three Black Crows – Get out

Three White Soldiers – SPY S&P 500 ETF

Image 1 explains the Fibo numbers come from the connection 0->1->2->3. Image 2 explains connecting S-1, S-2, S-3. Image 3 explains SPY is not reached 423.60%,about level 325?. This means current market down is adjustment, not drop without hope. Circled marks in Image 1 & 2 means get in point using three white soldiers. Like this, we can apply to find get out point using three black crows.

s&p 500

s&p 500

s&p 500

The most difficult thing in technical analysis is to maintain objectivity. Depending on the time frame, the results may be different. For example, the 1-year chart is up, but the 10-day chart is down. It is a question of which standards should be set. The only thing that can be free about this headache is the use of three white soldiers and three black crows. As a shot-term swing trader, I use mainly a 15-minute chart. Please see images for explaining get out idea if three black crows formed. You can see that the method of connecting the A-B-C in image 2 recommends selling at a higher point.

S&P 500 chart

S&P 500 chart

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