S&P500(US500):🔴Is it Bearish...?!🔴(Details on caption)
By examining the ES1! 4-hour chart (S&P), we can figure out that, the market structure is bearish, so we looking for a sell position.
In that case, the price had a bearish reaction to all of the bearish Pd Array, so we can expect a bearish reaction on the balance price range (BPR).
In my perspective, sell-side liquidity is a draw on liquidity. Until this sell-side is not purging I don't think about buy position.
💡Wait for the update!
🗓️15/04/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
In that case, the price had a bearish reaction to all of the bearish Pd Array, so we can expect a bearish reaction on the balance price range (BPR).
In my perspective, sell-side liquidity is a draw on liquidity. Until this sell-side is not purging I don't think about buy position.
💡Wait for the update!
🗓️15/04/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Note
As I expected, the price moved down to sell-side liquidity but did not touch the balance price range.I hope you use this TA.
Cheers 🥂
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👑Join my free Telegram channel: t.me/TradingFX_ICT
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.