On weekly front S&P made inside bar and bearish pin bar followed by big red candle week , if you measure the high and low of the candle weekly candle we are getting a 100 point range, the mid of range is crucial if it holds as resistance 4418 to 4425 area we will fall 100 more points from here comming week,on other hand if it sustains above mid point of weekly bar we may test 4500 area and further up again. Based on candle we have three points to look for mid point, low point need to see how price action does here so keep watch on levels(palce alerts there) will update more in comming trading sesssions.
Trading timeframe 5 mins to 15 mins check pirce aciton on those important levels for intraday trading.
Trading timeframe 5 mins to 15 mins check pirce aciton on those important levels for intraday trading.
Note
Opened above mid point of weekly candle need to if how it sustains hereNote
Note
That gap up did not sustained came back below mid point of previous week candle more fall expecting we looking at again this weekNote
Tarding above mid point with bullish bais we have week high resistance ahead if voilate 4500 next stopNote
Note
Note
A mentioned in above mid point of previous week candle it will test 4500 price almost touched todayNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.