SPY piercing pattern set-up

Michael Esther
04-13

$SPDR S&P 500 ETF Trust(SPY)$ piercing pattern set-up:

One of the most powerful patterns in technical analysis. The bottom of SPY is most likely in at $480:

✅ reversal pattern

✅ confirmed by buyers and volume

✅ next target is $550 then $600+

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Bullish reversal CHEATSHEET (this is all you need)

4 things to know 🔑

1. Higher timeframe you see these patterns the stronger it is

2. Above ave volume confirms the move

3. More powerful when you see these at support

4. If it breaks the High of previous candle (it is strong)

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