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📊 SPX500 (S&P 500 Index) – 2D Chart Buy Setup Explained
This chart shows a bullish setup on SPX500 using technical analysis tools such as Fibonacci retracement, demand zones, breakout structures, and trendlines. The projection hints at a strong potential reversal toward new highs.
🔧 Technical Tools Used
1. Fibonacci Retracement Tool
Drawn from low (approx. 3,489) to recent high (~6,125).
Key Fibonacci levels:
23.6% – 5,530
38.2% – 5,138
50.0% – 4,807
Price touched the 50% level, aligning with historical support.
2. Demand Zone (Green Box)
Green demand zone spans between ~4,700 – 5,100.
This area previously acted as a launchpad for bullish rallies.
Strong reaction and bounce confirm buyers are active in this zone again.
3. Trendlines (Yellow Diagonal)
Long-term ascending trendline connects major swing lows.
Price respected this line precisely, showing dynamic trend support.
This validates the continuation of the macro bullish trend.
4. Bullish Reversal Pattern
Recent downtrend was forming a falling wedge or sharp correction pattern.
Break above this pattern with strong bullish candles indicates momentum shift.
Historical pattern (left side of the chart) shows similar correction > breakout > rally structure.
5. Bullish Projections
Target 1: 1,329.1 points (27.53%) in 94 days → toward 6,100+
Target 2: 2,118.4 points (43.95%) in 230 days → toward 7,200
Both are plotted with volume support:
Target 1: 2.57M volume
Target 2: 1.59M volume
🧠 Summary: Why It’s a Valid Buy Setup
✅ Criteria 📌 Explanation
Fibonacci Confluence Rejected from the 50% level with strength
Demand Zone Bounce Strong reaction from prior accumulation zone
Ascending Trendline Support Price bounced exactly on the trendline
Breakout Confirmation Bullish breakout from falling wedge pattern
Volume Support Volume shows participation from big players
R/R Potential Risk is limited to zone below demand, reward is high
🎯 Buy Trade Idea
Entry Zone: Current price (~5,400) or pullback to 5,200–5,300
Stop-Loss: Below 4,700 (beneath demand zone and trendline)
Target 1: 6,125 (previous high)
Target 2: 7,200 (measured move projection)
📊 SPX500 (S&P 500 Index) – 2D Chart Buy Setup Explained
This chart shows a bullish setup on SPX500 using technical analysis tools such as Fibonacci retracement, demand zones, breakout structures, and trendlines. The projection hints at a strong potential reversal toward new highs.
🔧 Technical Tools Used
1. Fibonacci Retracement Tool
Drawn from low (approx. 3,489) to recent high (~6,125).
Key Fibonacci levels:
23.6% – 5,530
38.2% – 5,138
50.0% – 4,807
Price touched the 50% level, aligning with historical support.
2. Demand Zone (Green Box)
Green demand zone spans between ~4,700 – 5,100.
This area previously acted as a launchpad for bullish rallies.
Strong reaction and bounce confirm buyers are active in this zone again.
3. Trendlines (Yellow Diagonal)
Long-term ascending trendline connects major swing lows.
Price respected this line precisely, showing dynamic trend support.
This validates the continuation of the macro bullish trend.
4. Bullish Reversal Pattern
Recent downtrend was forming a falling wedge or sharp correction pattern.
Break above this pattern with strong bullish candles indicates momentum shift.
Historical pattern (left side of the chart) shows similar correction > breakout > rally structure.
5. Bullish Projections
Target 1: 1,329.1 points (27.53%) in 94 days → toward 6,100+
Target 2: 2,118.4 points (43.95%) in 230 days → toward 7,200
Both are plotted with volume support:
Target 1: 2.57M volume
Target 2: 1.59M volume
🧠 Summary: Why It’s a Valid Buy Setup
✅ Criteria 📌 Explanation
Fibonacci Confluence Rejected from the 50% level with strength
Demand Zone Bounce Strong reaction from prior accumulation zone
Ascending Trendline Support Price bounced exactly on the trendline
Breakout Confirmation Bullish breakout from falling wedge pattern
Volume Support Volume shows participation from big players
R/R Potential Risk is limited to zone below demand, reward is high
🎯 Buy Trade Idea
Entry Zone: Current price (~5,400) or pullback to 5,200–5,300
Stop-Loss: Below 4,700 (beneath demand zone and trendline)
Target 1: 6,125 (previous high)
Target 2: 7,200 (measured move projection)
For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
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For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。