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 what we are waiting for?!
👉As we mentioned previously in our analysis, price broke above our all time high, Moreover,
price is approaching a massive psychological level, where we will be looking for new bearish
correction movement.
👉Meanwhile, from a short-term perspective, price is still bullish trading inside this channel, and as per my trading plan, I'll be waiting for a new swing low to be forming around our rising trendline then a break by a momentum candle close below.
👉If that happens, then a movement lower would be expected till the lower massive support zone lining up with our rising trendline from higher time frame.
Until that happens, price is still bullish and price can still trade 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 what we are waiting for?!
👉As we mentioned previously in our analysis, price broke above our all time high, Moreover,
price is approaching a massive psychological level, where we will be looking for new bearish
correction movement.
👉Meanwhile, from a short-term perspective, price is still bullish trading inside this channel, and as per my trading plan, I'll be waiting for a new swing low to be forming around our rising trendline then a break by a momentum candle close below.
👉If that happens, then a movement lower would be expected till the lower massive support zone lining up with our rising trendline from higher time frame.
Until that happens, price is still bullish and price can still trade 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!