US500 Outstanding Manner

6月13日

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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US500 Outstanding Manner. 📚

👉As we can see price is still overall bullish from a long- and medium-term perspective, trading inside this outer red rising channel making clean higher highs and higher lows, adding on from a medium-term price is trading inside the inner one in orange.


👉What we are waiting for, as the price will be trading more higher, to be approaching our upper massive zone, upper bound of the channel, acting as an over-bought zone, lining up with 5500 strong round number, then we will be looking for new shorts as a correction movement.


Unless price managed to trade lower till our rising trendline, then we will be looking for new longs as a trend-following one. 📚



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!