Mid-term Pattern & Target Price of $.SPX& $ABBV

HarmonicPatterns
01-03

Hello everyone! Today I want to share some technical analysis with you!

Retail and institutional investors who were holding large profits but were reluctant to take a profit in 2023 due to a desire to avoid paying taxes in that year are now unloading.

They can fully pay their taxes in 2025 if they take profit in 2024. As a result, I believe that this is what started the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ sell-off this morning.

Potential bat pattern developing on the 4HR tf. We may have a dead cat bounce at target 1 before the continuation to target 2.

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Called it! KABOOM Projected price target of 158 hit precisely on $AbbVie(ABBV)$ .

Fantastic! Posted on my Discord 11.23.23

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Comments

  • Tigaroo
    01-06
    Tigaroo
    ABBV is now past 158 / at 160. What does this pattern lead to? Should we expect decline from here?
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