US500 APPROACHING A MASSIVE ZONE

29 พ.ค. 2023

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

US500 QUICK UPDATE!


As we can see price broke above our resistance zone and traded higher, as we were speculating in the previous analysis.

So, for now price is still overall bullish trading inside this rising broadening wedge pattern.

Meanwhile, as the price is approaching our upper resistance zone, lining up with our upper bound of the channel, then we will be looking for new bearish movements.

Unless price managed to trade lower, then we will be looking for new longs as the price will be approaching our lower rising trendline lining up with our support zone.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!