As shared in the previous post, SPX was approaching a crucial breakout zone. Price has now retraced and is hovering around the lower trendline, presenting an ideal retest entry opportunity.
Entry (on retest): 1.37 – 1.39
Stop Loss: Below 1.33
Targets:
T1: 1.70
T2: 2.05
T3: 2.54
T4: 3.56
Support Levels: 1.3737 / 1.33
Resistance Levels: 1.70 / 2.05
Price structure remains intact, and consolidation above this range can fuel a strong move. Entering this retest zone keeps risk low with an excellent risk-to-reward ratio
DYOR | Not financial advice
Entry (on retest): 1.37 – 1.39
Stop Loss: Below 1.33
Targets:
T1: 1.70
T2: 2.05
T3: 2.54
T4: 3.56
Support Levels: 1.3737 / 1.33
Resistance Levels: 1.70 / 2.05
Price structure remains intact, and consolidation above this range can fuel a strong move. Entering this retest zone keeps risk low with an excellent risk-to-reward ratio
DYOR | Not financial advice
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.