As shared in the previous post, SPX was approaching a crucial breakout zone. Price has now retraced and is hovering around the lower trendline, presenting an ideal retest entry opportunity.
Entry (on retest): 1.37 – 1.39
Stop Loss: Below 1.33
Targets:
T1: 1.70
T2: 2.05
T3: 2.54
T4: 3.56
Support Levels: 1.3737 / 1.33
Resistance Levels: 1.70 / 2.05
Price structure remains intact, and consolidation above this range can fuel a strong move. Entering this retest zone keeps risk low with an excellent risk-to-reward ratio
DYOR | Not financial advice
Entry (on retest): 1.37 – 1.39
Stop Loss: Below 1.33
Targets:
T1: 1.70
T2: 2.05
T3: 2.54
T4: 3.56
Support Levels: 1.3737 / 1.33
Resistance Levels: 1.70 / 2.05
Price structure remains intact, and consolidation above this range can fuel a strong move. Entering this retest zone keeps risk low with an excellent risk-to-reward ratio
DYOR | Not financial advice
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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.
Related publications
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.