Lucas_Sochulak

SPX, RESISTENSE AND SUPPORT ZONES

OANDA:SPX500USD   S&P 500 Index
Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.

Short description of analysis:

There is a huge panic in the markets about the corona virus. Therefore, I am currently focused on trades in a larger TF. The market is approaching a very strong support level, from which we will see where the market will go. When we break this support level, we can look very low to 2300 points, which is Dec 2018. Vix is at very high numbers of 40 points, roughly the same from the end of 2018. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.

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