TheSignalyst

US500 - Detailed Video Analysis!

CURRENCYCOM:US500   S&P 500
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Here is the top-down analysis for US500, feel free to request any pair/instrument or ask any questions in the comment section below.

Best of luck!
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Thank you bro! Wish you the best. In my point of view we will fall right now because we´re at the 1.618 fib level since the Corona crash.
100 coins
+1 Reply
TheSignalyst Lucassornicle
@Lucassornicle, Amazing Lucas, thank you for adding more confluence (fib level) to the setup. and thank you for the coins gentleman ;)
+1 Reply
Lucassornicle TheSignalyst
@TheSignalyst, You´re welcome bro :)
+1 Reply
TheSignalyst Lucassornicle
@Lucassornicle, Respect!
+1 Reply
candlestickninja Lucassornicle
@Lucassornicle, LOL see my post I literally just saw yours abs mentioned this glad we are all confirming each other that’s a confluence !
+2 Reply
candlestickninja Lucassornicle
@Lucassornicle, isn’t it at 4134/4135 where’s your 1.618 at? Maybe I plotted wrong
+2 Reply
Lucassornicle candlestickninja
@candlestickninja, I have it at 4136.15 but I don't think it´s so strange that it goes above a bit because it usually doest it (look at 2018 crash 1.618 fib to corona crash)
+1 Reply
the biggest resistance spx faces is the prior 1.618 extension around 4134ish area, that's why we are seeing role reversal at that area, once it was breached it tried to rise and test it again, expect fails and tests maxed at that area and then an immanent resumption of the downtrend towards 4100 probably overnight or by morning
+1 Reply
TheSignalyst candlestickninja
@candlestickninja, that was a good read ;)
Reply
nicely done, i'm glad someone knows that not every trend line has to be hit right before a fall, plus there are lower level timeframe trendlines that can cause turns before higher order upper TLs are hit
+1 Reply
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