Hello Traders,
Looking at the weekly trades we have a pattern that should give us a retracement signal for us500.
It has already formed an M with retest of the previous support which is now resistance, i.e. the levels of 21 MA on weekly tf. tracking the Fibonacci retracement I am of the idea that soon we will reach the 0.618 % where it could be interesting to buy.
Last but not less important America's president Biden probably will enter the Ukrainian question directly.
Looking at the weekly trades we have a pattern that should give us a retracement signal for us500.
It has already formed an M with retest of the previous support which is now resistance, i.e. the levels of 21 MA on weekly tf. tracking the Fibonacci retracement I am of the idea that soon we will reach the 0.618 % where it could be interesting to buy.
Last but not less important America's president Biden probably will enter the Ukrainian question directly.
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IllyrianTrader
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