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George_Haykal

Possible long opportunity on US500

Long
S&P 500 (CURRENCYCOM:US500)  
George_Haykal  
CURRENCYCOM:US500   S&P 500
Technical Indicators Chart Patterns Wave Analysis S&P 500 (SPX500) techincalanalysis Fibonacci Retracement fibonaccianalysis
2
0
indicator chartpattern waveanalysis spx500 techincalanalysis fibonacciretracement fibonaccianalysis
Possible long opportunity on US500 because...
1. It has been creating higher highs and higher lows.
2. Double top pattern, signalling bulls possibly entering.
3. Using RSI , it it oversold.
4. It is testing the 100 EMA on the daily chart .
5. Using FIB retracements, it is testing the 78.6 extension.

SL: 4525
TP: 4700
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