Short
US500 4583.4 LONG IDEA + 0.58 % * PRICE ACTION & REVERSAL 📈📉💡
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS NEXT WEEK ON US 500.
The index opened the week with a bullish rally since it broke out of that descending channel .
* The index is still strongly bullish looking at momentum to the up side, but what goes up must come down as we definitely seeing a slowing down in momentum currently.
* Now since we where in a bullish rally we are currently in the formation of a bullish flag that could possibly see the formation of a double top before reversal other wise break below triggers.
* Break above of structure cancels the whole set-up.
- looking for reversals with the bears see below.
https://www.tradingview.com/x/ZQF85Qod/
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS NEXT WEEK ON US 500.
The index opened the week with a bullish rally since it broke out of that descending channel .
* The index is still strongly bullish looking at momentum to the up side, but what goes up must come down as we definitely seeing a slowing down in momentum currently.
* Now since we where in a bullish rally we are currently in the formation of a bullish flag that could possibly see the formation of a double top before reversal other wise break below triggers.
* Break above of structure cancels the whole set-up.
- looking for reversals with the bears see below.
https://www.tradingview.com/x/ZQF85Qod/
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.