Thursday, October 15, 2026

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FxWirePro: S&P 500 forms Bullish Bat pattern, good to buy at dips

Harmonic Pattern formed - Bullish Bat pattern Potential Reversal Zone (PRZ) - 1900 The index has made a low of 1912 and slightly recovered from that level. Short term trend is lighty bullish as long as support 1900 holds…

By Lis Howell
1 min read
FxWirePro: S&P 500 forms Bullish Bat pattern, good to buy at dips
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  • Harmonic Pattern formed - Bullish Bat pattern
     
  • Potential Reversal Zone (PRZ) - 1900
     
  • The index has made a low of 1912 and slightly recovered from that level. Short term trend is lighty bullish as long as support 1900 holds.
     
  • Any break below 1900 will drag the index down till 1870/1850.
     
  • Overall bullish invalidation only below 1800.
     
  • On the higher side minor resistance is around 1925 and break above will take the index till 1937/1946.

It is good to buy at dips around 1910-15 with SL around 1900 for the TP of 1937/1945

 

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