spx500 IDEA

Güncellendi
BASED OF THE WEEKLY LAST SELL TO BUY CANDLE IN WHICH I HAVE USED 50% AS A KEY TARGET AREA.
3600 USED AS RESISTANCE LEVEL.
CONSIDERING LATEST LOCKDOWN NEWS, I PREDICT SPX WILL RESPECT THE 3600 KEY LEVEL AND SHORT DOWN.
APPROX 1 TO 12 RATIO.

WATCH ON SMALLER TIMEFRAME TO FIND EXHAUSTION CANDLES OR SIGNS OF REJECTION ONCE AT THE 3600 LEVEL.
MAY ALSO FAKE-OUT TO FORM A NEW HIGH BUT WILL FILL THE LAST SELL TO BUY LEVEL.
Not
ON THE SMALLER TIME FRAME IT IS SHOWING BEARISH SIGNS.
IF PRICE BREAKS THE 78.6 REIGION IT HAS PREVIOUSLY RESPECTED
@ 3530 THEN LOOK INTO A SELL.

IF NOT WAIT UNTIL PRICE HAS BROKEN AND RETESTED THE 3600 AREA.

IF PRICE RESPECTS THE THIRD TIME IT HAS ENTERED THE 78.6% LOOK TO GO LONG AS IT MAY BREAK THE 3600 AREA.
Trend Analysis

Feragatname