US500 - possible ending diagonal?
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📈 US500: Potential Growth After ABC Zigzag Formation
On the hourly chart of the US500 index, a possible ABC zigzag has formed, where waves A and C are equal. The RSI indicator has reversed from the oversold zone, confirming the likelihood of an upward move.
🔹 Target levels for profit-taking:
✅ 6050
✅ 6140
🎯 Potential growth target — 6200.
#US500 #TechnicalAnalysis #Trading
📈 US500: Potential Growth After ABC Zigzag Formation
On the hourly chart of the US500 index, a possible ABC zigzag has formed, where waves A and C are equal. The RSI indicator has reversed from the oversold zone, confirming the likelihood of an upward move.
🔹 Target levels for profit-taking:
✅ 6050
✅ 6140
🎯 Potential growth target — 6200.
#US500 #TechnicalAnalysis #Trading
Trade closed: target reached
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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.
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.