Hello Everyone. I want share my idea about US 500.
On that chart we have pretty bullish trend which is going up well. I think who trade with trend, at the moment this is the best moment to open their long positions, but also we need to be carefully.
Trend is bullish but chart show us Head And Shoulders which is bearish movement. in my opinion we need some confirmations, this is aggressive rejection from Fibonacci and support LVL, and also brake this little resistance which have us at 4385.
This week we will see actually if us500 can continue bullish movement, but I think its still bullish.
BE PATIENT!
On that chart we have pretty bullish trend which is going up well. I think who trade with trend, at the moment this is the best moment to open their long positions, but also we need to be carefully.
Trend is bullish but chart show us Head And Shoulders which is bearish movement. in my opinion we need some confirmations, this is aggressive rejection from Fibonacci and support LVL, and also brake this little resistance which have us at 4385.
This week we will see actually if us500 can continue bullish movement, but I think its still bullish.
BE PATIENT!
Note
Its going low, and stopped at the Fibonacci second LVL.I think we will see real movement tomorrow.
Note
Fibonacci worked well.Note
Support LVL worked well, now we will see what it will do at resistance.
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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.