US500 signal
Topic :
Due to the price hitting the resistance zone 4377.8, which is also one of the important supply areas, we expect a price correction.
The price range we are looking for is to improve the 4340 area because:
1- It is a resistance area to which the price has reacted many times
2 - Our uptrend is at the level of 0.236
3 - At the level of 0.236, the pattern AB = CD is located
4 - Our Fibonacci channel is at the level of 0.236
Given all these arguments, one can expect a corrective move to the target price area
Looking forward to hearing from you dear ones about your analysis
Due to the price hitting the resistance zone 4377.8, which is also one of the important supply areas, we expect a price correction.
The price range we are looking for is to improve the 4340 area because:
1- It is a resistance area to which the price has reacted many times
2 - Our uptrend is at the level of 0.236
3 - At the level of 0.236, the pattern AB = CD is located
4 - Our Fibonacci channel is at the level of 0.236
Given all these arguments, one can expect a corrective move to the target price area
Looking forward to hearing from you dear ones about your analysis
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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.
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.