Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
US500 BEARS TO TAKE OVER. 📚
👉As we can see price is still overall bullish trading inside this channel from a Long-term perspective, making clean higher highs and higher lows as well.
👉However, price is still sitting around a strong psychological level, lining up with our upper bound of this channel acting as an over-bought zone, where we will be looking for new bearish movements.
👉Meanwhile, for the bears to take over, we need a break below the marked major swing low, and below our rising trendline, if that happens, then a movement lower would be expected.
Until that price is still overall bullish, and price can still trade higher and higher. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
US500 BEARS TO TAKE OVER. 📚
👉As we can see price is still overall bullish trading inside this channel from a Long-term perspective, making clean higher highs and higher lows as well.
👉However, price is still sitting around a strong psychological level, lining up with our upper bound of this channel acting as an over-bought zone, where we will be looking for new bearish movements.
👉Meanwhile, for the bears to take over, we need a break below the marked major swing low, and below our rising trendline, if that happens, then a movement lower would be expected.
Until that price is still overall bullish, and price can still trade higher and higher. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!