Hello TradingView Family / Fellow Traders,
📈 After breaking above 4100.0 high, US500 has been overall bullish trading inside the blue rising wedge pattern and it is currently approaching the upper bound of the pattern.
Moreover, the zone 4800.0 is the current All-Time-High.
🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential shift in momentum, as it marks the intersection of the green All-Time-High and the upper blue trendline.
📚 As per my trading style:
As US500 approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish correction movement.
For the bulls to invalidate the bearish scenario, we need a momentum weekly candle closing above the All-Time-High.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📈 After breaking above 4100.0 high, US500 has been overall bullish trading inside the blue rising wedge pattern and it is currently approaching the upper bound of the pattern.
Moreover, the zone 4800.0 is the current All-Time-High.
🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential shift in momentum, as it marks the intersection of the green All-Time-High and the upper blue trendline.
📚 As per my trading style:
As US500 approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish correction movement.
For the bulls to invalidate the bearish scenario, we need a momentum weekly candle closing above the All-Time-High.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.