Technical analysis of S&P stocks in 4 hours; 2023-02-12Deltafx Admin 13 February 2023
The S&P stock has created a harmonic pattern in its downtrend movement after breaking the trend line with a higher slope in the higher time frame.
Currently, facing a resistance level from the previous movements and in the range of 4136.85, three ranges are expected before the range of 3898.11 in the following areas:
However, it is not necessary for the process to achieve all of the above goals. On the other hand, the price moves towards the trend line with a lower slope.
In case of unexpected performance, the ceiling of the previous pattern in the range of 4320.08 is considered an important range.