Hi traders,
Last week SPX500USD went up a little more. This still looks like an ending diagonal.
So next week we could see the start of a bigger pullback down. If price breaks the grey arrow line, then the wavecount would be invalid and we could see a long term bullish trend.
Let's see how price reacts next week.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
Last week SPX500USD went up a little more. This still looks like an ending diagonal.
So next week we could see the start of a bigger pullback down. If price breaks the grey arrow line, then the wavecount would be invalid and we could see a long term bullish trend.
Let's see how price reacts next week.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave