SPX500 H1 | Potential bullish bounceSPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,907.26 which is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 5,838.00 which is a level that lies underneath a multi-swing-low support and the 61.8% Fibonacci retracement.
Take profit is at 5,995.10 which is a swing-high resistance that aligns with the 61.8% Fibonacci retracement.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
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