Happy Labor day SPY Lovers ! (4hr Chart Analysis)
This is our 4-hour chart, and as you can see, I am linking it with the daily chart I published earlier.
What I want you to notice is the number of orders positioned at 544.58. We must take into account that on our daily chart, this is the second time the price has activated the institutional order block, and there was no intention of a breakout; it was simply rejected as we predicted last week.
The price on the 4-hour chart has only moved within a range and hasn't been able to surpass all-time highs yet. Looking at the chart, it gives me the impression that it might reject again.
No one knows what will happen; this is an analysis based on historical movements, price action, and smart money concepts.
Let’s see what Tuesday brings, but for now, enjoy your Labor Day!
Cheers, and thank you for supporting my analysis.
What I want you to notice is the number of orders positioned at 544.58. We must take into account that on our daily chart, this is the second time the price has activated the institutional order block, and there was no intention of a breakout; it was simply rejected as we predicted last week.
The price on the 4-hour chart has only moved within a range and hasn't been able to surpass all-time highs yet. Looking at the chart, it gives me the impression that it might reject again.
No one knows what will happen; this is an analysis based on historical movements, price action, and smart money concepts.
Let’s see what Tuesday brings, but for now, enjoy your Labor Day!
Cheers, and thank you for supporting my analysis.
Comment
And the rejection began just as we had predicted in the previous analysis.
looking that the price almost surpased ATH but still to break the institutional zone or order block since Friday, which is also a zone where, after several upward attempts, it might only find liquidity, and today we confirmed that this was the case.
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