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Spx500usdshort

SPX500USD has broken out of its ascending support line!SPX500USD has broken out of its ascending support turned resistance line where it could potentially drop further. If it breaks past its support at 2662 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support), it could fall to its next support at 2630 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing low support). RSI (89) has broken out of its corresponding ascending support line. Ichimoku cloud is also seeing bearish pressure which contributes to our bearish bias.
OANDA:SPX500USDShort
by ICmarkets
[SPX500USD]First Time and I am lucky[SHORT]Hi EveryBody, I got asked by a member to post about the SPX500USD. It 's my first time and I think I got lucky! This one is almost ready to go with! So same story: -Touched the R3 Trying to retrace ( matches .5 % fibo Retracement) - Pa will no longer be supported by the kumo structure - Black hole formation indicates a free fall is coming What is a black hole ?: -Black hole is the conjunction between trend up trend down( but not really ) In the ichimoku the kumo twist is the conjuction between the switched trends, but this one looks more like a hole, with time I started to spot them and I will start sharing them with you anyway trade safely, Everything is on the chart. Need explanations ? ask your questions. Need my Idea on any other thing let me know. **Never forget your helmet when you take the right candle** **Enjoy trading ! it's thrilling" and **SL should NOT and almost NEVER be beyond 10 pips! JUST Wait for the right moment to get in ( Currencies )*** **I am trying to be as much precise that I can. ** **Use TradingView as a confirmation tool for your own strategy** **Please study hard before placing your money on Forex** Look at my other ideas right Below. **You like what you see ? give it a thumbs up** **FOLLOW ME FOR UPDATES**
OANDA:SPX500USDShort
by KinkoHyoTrading