US500 Update
US500 is seen to have signs of reversal. We have Change of Character (CHoCH) to the donwside. We also have recent Break of Structure (BOS) that confirms our ride down to the demand zone. We entered short into the H4 Demand zone. On the the 4 hour chart, it is bullish. So we will sell into the Demand zone. Once our prediction is true, we will buy the asset and target the recent highs. Also price will likely retrace to demand zone as we have imbalance sitting above the demand zone. Our Sell Limit was triggered and now 16+ pips is running.
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.