US500: Intraday Technical Analysis
US500 Intraday Technical Analysis:
the US500 took rejection from 3900 validating the double top resistance with bearish divergence on all major indicators. The price action of US500 is currently in two rising wedge formations one in intraday with rising wedge upper breakout at 3870 and lower breakdown at 3868. While the larger one has an upper breakout level at 3920 and lower breakdown at 3856. My idea for intraday is still short day at strength with entry after rejection of 3870 and tp and previous lows of 3845.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
the US500 took rejection from 3900 validating the double top resistance with bearish divergence on all major indicators. The price action of US500 is currently in two rising wedge formations one in intraday with rising wedge upper breakout at 3870 and lower breakdown at 3868. While the larger one has an upper breakout level at 3920 and lower breakdown at 3856. My idea for intraday is still short day at strength with entry after rejection of 3870 and tp and previous lows of 3845.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
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