Short
US500 A MASSIVE ZONE AHEAD!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
S&P 500 QUICK UPDATE
As we can see price is still overall bullish trading inside this flat rising channel.
However, and for now price is still sitting around a strong resistance zone and still looking for new bearish movements,
Unless ofcourse price managed to break above the resistance zone, then we this scenario will not be valid.
And for the resistance to be broken we need at least a momentum candle close above 4200 and previous major high,
Then a movement higher would be expected till the upper bound of the channel lining up with the upper resistance zone, where we will be looking for new bearish reversal.
Meanwhile, if the rejected our resistance zone, then a further bearish movement would be expected till the lower support zone, where we will be looking for new longs.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
S&P 500 QUICK UPDATE
As we can see price is still overall bullish trading inside this flat rising channel.
However, and for now price is still sitting around a strong resistance zone and still looking for new bearish movements,
Unless ofcourse price managed to break above the resistance zone, then we this scenario will not be valid.
And for the resistance to be broken we need at least a momentum candle close above 4200 and previous major high,
Then a movement higher would be expected till the upper bound of the channel lining up with the upper resistance zone, where we will be looking for new bearish reversal.
Meanwhile, if the rejected our resistance zone, then a further bearish movement would be expected till the lower support zone, where we will be looking for new longs.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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