Hi traders, are you waiting for the SPX500 to pull back before continuing?
The
SPX500 still maintains a fairly clear bullish structure after breaking out of the descending trendline. The price is currently maintaining above the Ichimoku cloud and is consolidating around the high area, indicating that buyers haven't lost their advantage.
If there is a pullback, 7,700 is the area I want to watch. As long as this area is protected, I still prefer the scenario of a continued upward movement:
🎯 Target: 8,000
I don't prefer chasing the current area. A clean retest of 7,700 would create a better structure and make risk management easier.
If the H4 closes clearly below 7,700, the current breakout will weaken and need to be re-evaluated.
AURICVERSE View: The trend is still on the buyer side. As long as the breakout zone isn't breached, 8,000 remains a worthwhile target to watch.
How are you reading this structure? Share your view below.
The
SPX500 still maintains a fairly clear bullish structure after breaking out of the descending trendline. The price is currently maintaining above the Ichimoku cloud and is consolidating around the high area, indicating that buyers haven't lost their advantage.If there is a pullback, 7,700 is the area I want to watch. As long as this area is protected, I still prefer the scenario of a continued upward movement:
🎯 Target: 8,000
I don't prefer chasing the current area. A clean retest of 7,700 would create a better structure and make risk management easier.
If the H4 closes clearly below 7,700, the current breakout will weaken and need to be re-evaluated.
AURICVERSE View: The trend is still on the buyer side. As long as the breakout zone isn't breached, 8,000 remains a worthwhile target to watch.
How are you reading this structure? Share your view below.
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⚡ Follow AuricVerse_HQ beyond the chart.
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
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