Potential Buy on SPX500
Updated
Looking at the daily time frame as our higher time frame reference, we see a distinguishable uptrend. We can note the higher highs and higher lows on the uptrend.
Our entry time frame is the 1 hour time frame. Looking at the 1 hour time frame, we can see clear higher highs and higher lows. We see a potential double bottom that has formed. There is a key level that we are watching that has been broken. We are awaiting a retest of this key level and upon the retest we will enter in a buy trade. We are waiting to see that the price will go past the last higher high, form a new high, and make a new higher low at the key zone retest spot.
Our sentiment is bullish.
Our entry time frame is the 1 hour time frame. Looking at the 1 hour time frame, we can see clear higher highs and higher lows. We see a potential double bottom that has formed. There is a key level that we are watching that has been broken. We are awaiting a retest of this key level and upon the retest we will enter in a buy trade. We are waiting to see that the price will go past the last higher high, form a new high, and make a new higher low at the key zone retest spot.
Our sentiment is bullish.
Trade closed: target reached
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