S&P500 Two targets on this newly started rise Long

US 500Capital.com

Description

⋅ Mar 17, 2023 8:48 PM

The S&P500 made the first rebound on the bottom of the Channel Up.
Breaking over the MA50 (4h) has confirmed the short term bullish sentiment.

Trading Plan:
1. Buy this pull back as close to the bottom of the Channel as possible.

Targets:
1. 4000 short term (under the MA200 (4h)).
2. 4220 long term (top of the Channel Up and +11.00% rise).

Tips:
1. The MACD (4h) has formed the same pattern it did on the November 3rd and December 20th bottoms.

Please like, follow and comment!!

Notes:
This is a continuation of this trading plan:

Comments

RLinda

⋅ Mar 19, 2023 9:39 AM

Great look at the situation with a good description! From a professional point of view it would be interesting to know in what order, what steps you use when analyzing an asset)

WalterMoon

⋅ Mar 18, 2023 2:50 PM

Wow, amazing job