SPX500Guys the SPX500 is moving according to plan.
Like I have predicted for some months now it's happening. More potential upside as we can see the market is facing a minor resistance currently I'm thinking of adding more positions when we break that resistance patience is the key🔑 also trusting in your analysis.
Joechampion
Sell possibilities The price broke the resistance trend line and mitigate the OB on the POI level then had to reverse from bullish to bearish downside move. Note that as a second confirmation, the last buy/bullish candlestick broke the previous high and failed to be a break of structure because the candlestick closed below the trend line sweeping all the liquidity then we are looking for a possible sell.
Sell possibility The price will continue with the original move (short) only if the current price goes up to fill the OB area then wait for its reactions with LTF to give us a possible sell signal in the lower time frames M1 to M5. And other reasons would be that the price will mostly reverse up and find an AOI for the central banks to find an area to put their orders in blocks as a potential sell. But its not yet valid let wait for the reaction
Will this go upThere are many chances for the price to engulf the previous bearish candlestick and create an OB
To be our point retest to fill the OB or imbalance and continue with bullish move and also other probabilities
Would be the price to might not immediately go up but to fall back dow and creact thr 3rd touch on support trendlin
As major key then go up to continue with the original move. Well this is not yet valid, lets wait for the reaction
Will this pair continue with this upside move?My intake on this one is that the price has already failed multiple time to continue with the bearish down fall structure and thou already has broken the brearish structure and now creating a new bullish structure by creating HH's and HL's, again the price 165.940 is been broken or in a process of being broken if we could look at HTF
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