Short
US500 CORRECTION THEN IMPULSE!
Updated
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.
US500 CORRECTION THEN NEW BEARISH MOVEMENT?!
As we clearly see price broke below our major swing low and below our support zone
From a medium-term perspective, we are bearish
However, price now is trading inside this flat rising channel, and around a strong resistance zone
For the bears to kick in with a new bearish movement we need a new swing low to be formed around the trendline then a break
Until that we can still dive inside the resistance before reversal
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.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
US500 CORRECTION THEN NEW BEARISH MOVEMENT?!
As we clearly see price broke below our major swing low and below our support zone
From a medium-term perspective, we are bearish
However, price now is trading inside this flat rising channel, and around a strong resistance zone
For the bears to kick in with a new bearish movement we need a new swing low to be formed around the trendline then a break
Until that we can still dive inside the resistance before reversal
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.
Be patient and good luck!
Note
See you there guys: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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.