Hi traders,
I still think SPX500USD can go lower for a bigger correction. This pair is now in a 4H supply which caused the Change in orderflow to bearish. Next week we could see a downmove for this pair to take all the liquidity under the previous lows.
So let's see what price action does, and make a decision after it's shows it's intention.
If it makes a change in orderflow to bearish on a lower time frame I'd consider to short to the 4H demand.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
I still think SPX500USD can go lower for a bigger correction. This pair is now in a 4H supply which caused the Change in orderflow to bearish. Next week we could see a downmove for this pair to take all the liquidity under the previous lows.
So let's see what price action does, and make a decision after it's shows it's intention.
If it makes a change in orderflow to bearish on a lower time frame I'd consider to short to the 4H demand.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave