Important levels for next week are shown on the chart.
S&P has been on the rise since late March and is still struggling to reach its previous highs. In recent days, this upward trend has continued within the WEDGE.
This upward trend could continue until the H4 supply level at around 3140. After that, it would be reasonable to expect a supply zone reaction to price correction.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
S&P has been on the rise since late March and is still struggling to reach its previous highs. In recent days, this upward trend has continued within the WEDGE.
This upward trend could continue until the H4 supply level at around 3140. After that, it would be reasonable to expect a supply zone reaction to price correction.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
Note
Prices fluctuated in the upward channel but failed to overcome the S/R line.We have to wait for now.
Trade closed: target reached
Done!
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Related publications
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.