S&P 500 - Fibonacci rejection - upside active
Updated
SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions.
Where did price fall to?
Key Fibonacci 0.618 - 0.705 levels
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing [highlighted blue].
We are currently long but await the next buy from a daily low.
See the Vix vs S&P500
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
Pure imbalance trades - with further explanations on the graphs to understand.
If you like our work, please leave a like or comment.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis as and when.
Many thanks,
Team LVPA.
Where did price fall to?
Key Fibonacci 0.618 - 0.705 levels
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing [highlighted blue].
We are currently long but await the next buy from a daily low.
See the Vix vs S&P500
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
Pure imbalance trades - with further explanations on the graphs to understand.
If you like our work, please leave a like or comment.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis as and when.
Many thanks,
Team LVPA.
Trade active
Target 1 is met
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