FX:SPX500   S&P 500 index of US listed shares
This Chart shows about a month view on a 4hr candle time frame.
When it broke out all that resistance should have become support but you see it fell right back below and then came back up to re-test that resistance zone and got rejected down. It then broke through the Support zone and is now testing what should be resistance.

"Support and resistance Theory"
- Once resistance is broken it tends to act as support.
- Once support is broken it tends to act as resistance.
2146, not 2156 for support.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out