Lingrid

US500 GROWTH after a breakout attempt

Long
CURRENCYCOM:US500   S&P 500
In early April, the price broke through the December 2020 support line at 4061.0. Then it rose to the resistance trend line of November 2020. During the month, the price moved between these two lines. Now it is at the 4180.0 support line. The price tried to break the line, but I believe that the breakout is false. I expect growth from this point to the resistance line 4271.1.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

Comments

To say this is a false breakout, in my opinion is gambling.
+1 Reply
Lingrid RaffaeleL
@RaffaeleL, how would you call it?
Reply
RaffaeleL Lingrid
@Lingrid, not a confident ‚false breakout‘. You only know afterwards if it was. Otherwise it is just a normal breakout.

Beautiful Charts by the way!
Reply
Lingrid RaffaeleL
@RaffaeleL, it is very valuable to me that you share your thoughts with me)
and thanks for the kind words)
Reply
Nice one!
Reply
Lingrid Rawkoala
@Rawkoala, thank you)
Reply
kitchen
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