S&P 500 Price Action Analysis | The Direct Proportion

FX:SPX500   S&P 500 Index
SP500 is still consolidating above the Range High and needs to break out the Key OB. The direct proportion between the volume and the price action (higher highs and higher lows) is indicating that this distribution isn’t done until it reaches its targets.

Entry: 2881
SL: 2719
TP-1: 3089
TP-2: 3219
R/R: 2.09

‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬

‪The ideas published here are not financial advices. ‬

Oct 23
Trade active: Partially filled.
Nov 23
Trade closed: target reached
Jan 06
Trade closed: target reached: Position is fully closed.
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