Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Here is a quick update on US500đź“š
👉As we can see price is still overall bullish from a long-term perspective, However, price is sitting around a massive zone, 5k psychological level lining up with our upper bound of this channel acting as an over-bought zone,
where we will be looking for new bearish movements as a correction one.
👉Meanwhile, and as per my trading plan, I will be waiting for a new swing low to be formed around our rising trendline then a break, Then a movement lower would be expected from a shorter-term perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
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