Down for SPX500USD

Hi traders,

Last week SPX500USD did not close below the Daily FVG and broke the Weekly FVG. Now the trend has changed to bullish but price is moving very slow. This could indicate a leading diagonal (wave 1).

So next week we could see a (corrective) move down from the Daily FVG above.

Let's see what the market does and react.

Trade idea: Wait for price come into the Daily FVG above and a change in orderflow to bearish, a small impulse wave down and a small correction up on a lower timeframe to trade (short term) shorts.

If you want to learn more about trading FVG's & liquidity sweeps with Wave analysis, then please make sure to follow me.

This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.

Don't be emotional, just trade your plan!

Eduwave

EduwaveTrading

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EduwaveTrading

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