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RSRUSDT Local S/R| Double Top| Swing High| Daily S/R Evening Traders, Today’s Analysis – RSRUSDT- flipping key Local S/R with Fibonacci confluence, holding above is deemed bullish. Points to consider, - Price Action Impulse - .382 Fibonacci Pull Back - Double Top Resistance - Oscillators Bullish - Daily S/R Target RSRUSDT’s immediate price action is impulsive with increasing volume above Local S/R. This allows us to have a bullish in the immediate short term. The .382 Fibonacci is likely to be tested allowing for laddered long entries into Local S/R. Price Action has a current double top, proving resistance as price deviates away. Breaking above this level will maintain bullish market structure. Both oscillators are holding their respective bullish control zones, breaking below will signify weakness preluding to a deeper pull back. Overall, in my opinion, RSRUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember, Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Long
by AzizKhanZamani
4
SPX500 (4H) trying to break resistance at 214xSPX500 (4H): Price bounced off support near 2100 and is currently trying to break through the resistance zone at 214x. This resistance is defined by previous support now resistance as well as the 50 SMA. Buyers who entered in the 212x zone could consider taking partial profits. Those looking to buy should wait for a strong break and retest of this resistance zone. This break should bring prices above the 50 SMA. Sellers should wait for bearish price action and note that there is resistance at 2100 zone. My upside targets are 216x (previous highs) then 218x (previous highs). My downside targets are 212x (previous lows) then 2110 (previous low) then 2100 (round number and 127.2% extension)
FX:SPX500
by orvilleawright