Correction and up for SPX500USD

Hi traders,

Last week SPX500USD slowly went up some more. The pullbacks are overlapping so it looks like price is forming a leading diagonal (wave 1).

I'm still expecting a downmove because of the price action. Price came into the 4H FVG and is showing a bearish doji. So next week we could see a (corrective) move down.

Let's see what the market does and react.

Trade idea: Wait for price to develop some more before you take any trades.

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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