Stargazer_fx
Short

S&P500 | Price is in Downtrend Channel,The best place to SELL!..

OANDA:SPX500USD   S&P 500 Index
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S&P500
The price is following a downtrend channel ,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
for price to become bullish it has to break above the channel...

For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..

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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

Comments

Now it’s going back to your sell target
Reply
The signal is going straight toward to down side.
Thanks for your analysis.
I caught from 2620 since I said 10 hours ago.
Another panic is coming due to U.K MP Boris Johnson’s covid-19 positive issue & the highest infected population rate of USA. Cheers.
Reply
Thanks for the table. I see it that way too, high probability before 2700.
Reply
Stargazer_fx Dotted_Line
@Dotted_Line, thankyou for sharing your thoughts
Reply
skhetcho Dotted_Line
@Dotted_Line, I agree I see that as well
Reply
I think it’s going down before 2700
Reply
Stargazer_fx danta_master
@danta_master, yes anything can happen...
Thankyou for sharing your thought..
Reply
Write in Comments your Thoughts about the Analysis..
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