S&P500,broke Channel & below Support, will start deep correction
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S&P500
The price is below Support/resistance structure & price also broke below the upward trending channel,currently the price is in correction mode, If price shows rejection from the fib levels I expect the price to continue lower and start a deep correction..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on Daily timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
S&P500
The price is below Support/resistance structure & price also broke below the upward trending channel,currently the price is in correction mode, If price shows rejection from the fib levels I expect the price to continue lower and start a deep correction..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on Daily timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.