Long till go wrong. This is rule n.1 after pandemic crash.
You can see on the chart, US500 is still going up with small correction. Corrections are usually around 5%.
Trading in this range is very simple.
Take long on supports and sell on resistance.
But it's also important to be carefull, bcs everybody are starting bullish and this is time to be bearish. In the market can not win everybody.
When this index is in the channel, there is still good oportunity to take longs.
You can see on the chart, US500 is still going up with small correction. Corrections are usually around 5%.
Trading in this range is very simple.
Take long on supports and sell on resistance.
But it's also important to be carefull, bcs everybody are starting bullish and this is time to be bearish. In the market can not win everybody.
When this index is in the channel, there is still good oportunity to take longs.