Decision on Monday for SPX500USD

2月8日

Hi traders,

Last week SPX500USD followed the prediction in my outlook. It finished the corrective move down into the lower 4H FVG and after that it went (corrective) up again.

So now on Monday is the decision.
If Monday closes below current price action this pair could go down lower for the break of the low from the (orange) Y-wave.
But if Monday closes above current price action, we could see this pair go up again for a new ATH.

Let's see what the market does and react.

Trade idea: Wait for the bigger correction down to finish and a change in orderflow to bullish again. After that you could trade longs.

If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it. I do not provide signals.

Don't be emotional, just trade!

Eduwave

2月8日

註釋

Note: Next week there will be no analysis because I'm on a holiday with my family. The week after that I'm back for more analysis.