TheAnonymousBanker

SP500: Consolidation in Short Term?

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OANDA:SPX500USD   S&P 500指數
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.

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評論:
📊 Support Area:
評論:
📊 Perfect reaction on our 4,304.6 support:
評論:
🔴 Limited rebound
交易結束:目標達成:
✅ Target 1 hit:
評論:
📊 Now, our support area on the daily chart has become our resistance area:
交易結束:目標達成:

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By Anonymous Banker
A TradingView Fan since 2015
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