The chart you’ve shared shows the US500 (S&P 500 Index) on the 1-hour timeframe with a bullish outlook.
Key Observations:
Current Price: Around 6,013.32
Resistance Level: Near 6,047.95 (green horizontal line)
Take Profit Zone: Marked above 6,060, around 6,080
Structure:
Price has been forming higher lows, suggesting bullish momentum.
A bullish breakout above the resistance (~6,048) is anticipated.
The projected move aims for the 6,080 zone, as shown by the black arrow.
---
Strategy Implied:
Buy Entry Trigger: On a confirmed breakout above 6,048
Take Profit (TP): 6,080 zone
Stop-Loss (SL): Could be considered below the recent swing low (~5,980 or slightly lower) for risk management
---
Conclusion:
The chart shows a bullish setup, expecting continuation to the upside if resistance is broken. Watching for a clean break and retest of 6,048 would be ideal for confirmation before entering long positions.
Would you like help calculating position size or risk-reward ratios for this trade?
Key Observations:
Current Price: Around 6,013.32
Resistance Level: Near 6,047.95 (green horizontal line)
Take Profit Zone: Marked above 6,060, around 6,080
Structure:
Price has been forming higher lows, suggesting bullish momentum.
A bullish breakout above the resistance (~6,048) is anticipated.
The projected move aims for the 6,080 zone, as shown by the black arrow.
---
Strategy Implied:
Buy Entry Trigger: On a confirmed breakout above 6,048
Take Profit (TP): 6,080 zone
Stop-Loss (SL): Could be considered below the recent swing low (~5,980 or slightly lower) for risk management
---
Conclusion:
The chart shows a bullish setup, expecting continuation to the upside if resistance is broken. Watching for a clean break and retest of 6,048 would be ideal for confirmation before entering long positions.
Would you like help calculating position size or risk-reward ratios for this trade?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.