S&P Going for double top - [long term short]
Updated
on the Indice trading side we are not selling nor buying right now
We can see the great imbalance from the demand zone - which is weak but we have a strong supply here so we can definitely see great potential for the supply to sell off.
Note: only if price shows a rejection and imbalance then we will execute on the daily timeframe.
Using the supply and demand strategy.
we can see a great opportunity ahead using double top formation.
The imbalance is key for our trading here and the higher timeframes do not show sells as yet.
ofcourse conduct your own top down analysis to buy and sell - different time frames show different scenarios, but we focus on the long term journey here.
If you like our work,
please leave a like and comment.
Thanks,
Team Lupa
We can see the great imbalance from the demand zone - which is weak but we have a strong supply here so we can definitely see great potential for the supply to sell off.
Note: only if price shows a rejection and imbalance then we will execute on the daily timeframe.
Using the supply and demand strategy.
we can see a great opportunity ahead using double top formation.
The imbalance is key for our trading here and the higher timeframes do not show sells as yet.
ofcourse conduct your own top down analysis to buy and sell - different time frames show different scenarios, but we focus on the long term journey here.
If you like our work,
please leave a like and comment.
Thanks,
Team Lupa
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