US 500 - two possible directions, my opinion and reason
Updated
There is a formation where we can expect two scenarios.
2450 is now a very important level.
-In the case of upwards we can reach up to 2600.
-in the case of downwards we can reach 2300, 2200 to 2150 in succession.
My opinion:
I personally believe that the price will jump up briefly, but then it will fall to 2200.
Reason:
A reason: Coronavirus. Europe is closed. The US is facing a rapid onset of disease. Central Europe is closing down large car factories (KIA, Peugeot, Volkswagen, Landrover, Jaguar. This will also blow Germany and South Korea and other countries. The slowed economy in Europe will slow down the economy extremely in the US for consumer reasons too.
2450 is now a very important level.
-In the case of upwards we can reach up to 2600.
-in the case of downwards we can reach 2300, 2200 to 2150 in succession.
My opinion:
I personally believe that the price will jump up briefly, but then it will fall to 2200.
Reason:
A reason: Coronavirus. Europe is closed. The US is facing a rapid onset of disease. Central Europe is closing down large car factories (KIA, Peugeot, Volkswagen, Landrover, Jaguar. This will also blow Germany and South Korea and other countries. The slowed economy in Europe will slow down the economy extremely in the US for consumer reasons too.
Trade active
I am in SHORT position from 2500. TP is 2400.Trade closed: target reached
TP 2400 has been reached.Note
Now i am in LONG position from 2400. TP is 2450.
Trade active
Change. TP is 2460
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