Hi traders,
SPX500USD is still in a big consolidation. It can go lower to the lower 4H demand to complete a big A-B-C correction. And after that it can go up again.
But it is also possible that it's an W-X-Y correction and were now in a triangle. In that case I expect one more corrective leg up to complete the E-leg and after that it can drop again.
Let's see how price reacts in the 4H demand zone.
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
SPX500USD is still in a big consolidation. It can go lower to the lower 4H demand to complete a big A-B-C correction. And after that it can go up again.
But it is also possible that it's an W-X-Y correction and were now in a triangle. In that case I expect one more corrective leg up to complete the E-leg and after that it can drop again.
Let's see how price reacts in the 4H demand zone.
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