S&P500 on 4 Hour
Updated
Price is approaching a key area of previous structure resistance turned support, leading with a strong bullish movement previously to form a new all time high. Price has been pulling back, & is nearing the key area zone below, where I will be watching for a retest as new support on the lower timeframe for another potential move back to the upside again.
This zone of interest also aligns with the 61.8 fib pullback region.
This zone of interest also aligns with the 61.8 fib pullback region.
Note
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