Observation of Recent Trends & A Likely Reversal; SPX500
Good Day All,
By looking at the first four days of November,
it clearly shows a downtrend which resulted in more than 5% reduction in SPX500 levels.
But slowly and steadily Prices are recovering and heading for the consolidation zone that is from 3830 - 3870, The 40 point range and the price's behavior will determine whether it'll be bullish/bearish, but judging from the key levels marked in black, though some may call it outdated, I have observed prices in many unique pairs almost always respecting levels of old.
To conclude, I hope prices will continue its bullish trend past the consolidation zone for reasoning which may not sound logical but then again, I'm still new to this.
If indeed by rare occurrence someone decides to use this prediction, please do your own analysis first and foremost, while i don't mind my idea helping others, I wouldn't like to see others fail alongside me due to my own.
Take Profit 1 : 3855
Take Profit 2 : 3870
Stop Loss : 3790
Possible Prediction Expiry Date & Rules: If Price Breaks Out of Bounds & A Week Or So.
By looking at the first four days of November,
it clearly shows a downtrend which resulted in more than 5% reduction in SPX500 levels.
But slowly and steadily Prices are recovering and heading for the consolidation zone that is from 3830 - 3870, The 40 point range and the price's behavior will determine whether it'll be bullish/bearish, but judging from the key levels marked in black, though some may call it outdated, I have observed prices in many unique pairs almost always respecting levels of old.
To conclude, I hope prices will continue its bullish trend past the consolidation zone for reasoning which may not sound logical but then again, I'm still new to this.
If indeed by rare occurrence someone decides to use this prediction, please do your own analysis first and foremost, while i don't mind my idea helping others, I wouldn't like to see others fail alongside me due to my own.
Take Profit 1 : 3855
Take Profit 2 : 3870
Stop Loss : 3790
Possible Prediction Expiry Date & Rules: If Price Breaks Out of Bounds & A Week Or So.
Feragatname
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