On May 15, the SPX500 index broke through its previous ATH of 5286.
I had announced this a few days earlier in one of my analyses.
For the past 1 week, we've been in an accumulation phase (which is normal, given what's just happened).
Here's the configuration I'm expecting:
✅ Liquidation of the bottom of the range
✅ Return to Fibonacci 0.62
✅ Reaction on H1 order block
I'd therefore prefer to buy in the $5250 area!
Feel free to subscribe and put a boost on this post if you enjoyed my analysis, and let me know what you think!
Good trading and have a good week :)
I had announced this a few days earlier in one of my analyses.
For the past 1 week, we've been in an accumulation phase (which is normal, given what's just happened).
Here's the configuration I'm expecting:
✅ Liquidation of the bottom of the range
✅ Return to Fibonacci 0.62
✅ Reaction on H1 order block
I'd therefore prefer to buy in the $5250 area!
Feel free to subscribe and put a boost on this post if you enjoyed my analysis, and let me know what you think!
Good trading and have a good week :)