SP500: Consolidation in Short Term?

Hi Traders!
Medium and Long-Term Trends are bullish, but in short term SP500 could remain bearish even after a pullback. If we look at daily chart, the Price Action is approaching an important support area around 4,305, if from here it triggers a bullish leg, it's possible a harmonic structure formation (for us, bearish). Having said that, we have a first Target Area around 4,275 and subsequently 4,220.

Trade with care
Like | Share | Comment

Yorum:

📊 Support Area:

Yorum:

📊 Perfect reaction on our 4,304.6 support:

Yorum:

🔴 Limited rebound

İşlem kapandı: hedefe ulaştı:

✅ Target 1 hit:

Yorum:

📊 Now, our support area on the daily chart has become our resistance area:

İşlem kapandı: hedefe ulaştı: