Lingrid

US500 Change of direction - GROWTH

Long
CURRENCYCOM:US500   S&P 500
Since November 10, the price has passed half-way to the target set by us last time. Or rather, it reached the resistance level and even managed to break it, but then it came back.


Now I have finalized the chart and close the previous trade, change the direction of the forecast.
On the chart we see the support line - from September 2020.

After the price broke through it in a strong impulse at the very beginning of November, the line quite steadily kept its fall by giving many touches. Now the price touched it at the point 3566.0
Just after it failed to break through the resistance level .

And now I expect it to support the price and give it the opportunity to rise. Still, break through the level at point 3588.0.
Thus, I expect the price to rise to the resistance line 3673.2.

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

thank you nice one friend
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Lingrid TradingAlchemist
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Keep it up.
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Lingrid DeGRAM
@DeGRAM, 😉
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The growth continues from October 30. I think this movement will continue.📈
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Lingrid Solldy
@Solldy, thanks)
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could very imagine this breaking even higher and claiming red trendline as support! Would fit into wavecount (and would fit to a very positive fundamental news wave, but we dont look at fundamentals, i know ... :P )
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Lingrid MrKrft
@MrKrft, 👌
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