US500 Bull Flag Breakout Keeps Rally Toward 7,750 Alive
US500 remains firmly bullish after breaking out of a flag continuation pattern on the 4H timeframe.
Following a strong impulsive rally, price consolidated within a corrective structure before buyers regained control and pushed the index to fresh highs.
The former resistance zone has now turned into support, reinforcing the bullish market structure. As long as price remains above this breakout area, the path of least resistance remains to the upside.
Main Targets:
🎯 Target 1: 7,650
🎯 Target 2: 7,700
🎯 Target 3: 7,750
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
US500 remains firmly bullish after breaking out of a flag continuation pattern on the 4H timeframe.
Following a strong impulsive rally, price consolidated within a corrective structure before buyers regained control and pushed the index to fresh highs.
The former resistance zone has now turned into support, reinforcing the bullish market structure. As long as price remains above this breakout area, the path of least resistance remains to the upside.
Main Targets:
🎯 Target 1: 7,650
🎯 Target 2: 7,700
🎯 Target 3: 7,750
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.