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S&P500
The price is struggling to keep above the 61.8 fib level,the price failed to make significant move above the level 2 times already,as long as price does not make a strong move above the 61.8 fib level the price will stay bearish..after a big bullish move the price do need a pullback,So wait for the price to make a bearish move and after a pullback SELL if price gives a bearish signal...Trade carefully market is very volatile nowadays...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 8hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
S&P500
The price is struggling to keep above the 61.8 fib level,the price failed to make significant move above the level 2 times already,as long as price does not make a strong move above the 61.8 fib level the price will stay bearish..after a big bullish move the price do need a pullback,So wait for the price to make a bearish move and after a pullback SELL if price gives a bearish signal...Trade carefully market is very volatile nowadays...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 8hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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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.