The S&P index has reached a H4 supply level in its uptrend channel.
It remains to be seen what the reaction will be at this level of supply. There is a possibility of returning to the bottom line of the channel.
Given that the H4 level is not fresh, the possibility of failure of the level should not be ignored.
It remains to be seen what the reaction will be at this level of supply. There is a possibility of returning to the bottom line of the channel.
Given that the H4 level is not fresh, the possibility of failure of the level should not be ignored.
Note
S&P has failed to break the H4 supply level, so it has returned from the collision of the central channel line and the supply level.
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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.