Bearish Daily Signals Align with Key Resistance Levels
📅 Published: 14/04/2025 14:22 | ⏳ Expires: 15/04/2025 12:00
Market Outlook
The US500 is showing signs of fatigue at higher levels. A Doji-style candle formed near the highs suggests indecision and potential reversal. Current levels are near the 50% Fibonacci pullback at 5485, an area that previously attracted selling pressure.
The 20-day EMA at 5466 and the pivotal level at 5501 reinforce this as a strong resistance zone. With no major economic events in the next 24 hours, technicals are likely to dominate near-term price action.
Trade Details
Key Levels
Resistance:
Support:
Technical & Sentiment Highlights
✅ Bearish Daily Signals – Doji candle and declining momentum suggest exhaustion at highs.
✅ EMA & Fibonacci Confluence – 5466 EMA + 5485 Fib zone aligning with resistance.
✅ High Reward Potential – Offers a strong 2.9:1 risk/reward ratio.
⚠️ No Major News Catalysts – Technicals expected to guide near-term direction.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
📅 Published: 14/04/2025 14:22 | ⏳ Expires: 15/04/2025 12:00
Market Outlook
The US500 is showing signs of fatigue at higher levels. A Doji-style candle formed near the highs suggests indecision and potential reversal. Current levels are near the 50% Fibonacci pullback at 5485, an area that previously attracted selling pressure.
The 20-day EMA at 5466 and the pivotal level at 5501 reinforce this as a strong resistance zone. With no major economic events in the next 24 hours, technicals are likely to dominate near-term price action.
Trade Details
- Entry (Sell Limit): 5459
- Stop Loss: 5611 (-152 pts)
- Take Profit: 5016 (+443 pts)
- Risk/Reward Ratio: 2.91:1
Key Levels
Resistance:
- R1: 5446
- R2: 5501 (Pivotal Level)
- R3: 5600
Support:
- S1: 5381
- S2: 5280
- S3: 5135
Technical & Sentiment Highlights
✅ Bearish Daily Signals – Doji candle and declining momentum suggest exhaustion at highs.
✅ EMA & Fibonacci Confluence – 5466 EMA + 5485 Fib zone aligning with resistance.
✅ High Reward Potential – Offers a strong 2.9:1 risk/reward ratio.
⚠️ No Major News Catalysts – Technicals expected to guide near-term direction.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
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.