US500 AROUND A MASSIVE ZONE

25 ก.ย. 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.

Quick update on stock market.

As we can see price is still overall bullish from a long-term perspective trading inside this channel,

Moreover, from a medium-term perspective, price is now in a correction movement trading inside a falling channel,

Meanwhile, price is sitting around a massive support zone lining up with the lower bound of the falling channel adding on our rising trendline from a long-term perspective,

Where we will be looking for new longs as well.

However, for the bulls to kick in from a short-term perspective, we need a break above the marked swing high, then a movement higher would be expected.



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!