Jason_Traders

Jason_Traders

Hello, trader. The current price is around 2,321.045. There is a visible downward trend from recent highs around 2,362.845. Trend Lines: Several descending trend lines are drawn, indicating potential resistance levels. The price is moving within a descending channel, suggesting a bearish trend. Fibonacci Retracement Levels: Key Fibonacci levels are marked,...

Jason_Traders Updated 

Hello, trader. The SPX price is forecasted to rise to the resistance level of 5486 as part of a corrective movement. After this increase, a downward trend is expected to resume, with the price likely falling below the support level of 5459 due to the ongoing bearish market conditions. Should the price stabilize below 5438, a further decline to 5404 is...

Jason_Traders Updated 

- The market is trading above a bullish trendline since mid-April ; The mid-term trend is then bullish. - However, since the establishment of a new all time high above the psychologic level of 20,000pts, bear traders have taken control of the market. The RSI indicator has already given a bearish signal by breaking out its own bullish trendline, while both...

Jason_Traders Updated 

Hello, trader. I expect the price to drop to my FVG as indicated by the arrow. But, an OB has been marked above the FVG and so be very careful. I can also see a BOS/CHoCH/Market shift and lastly liquidity in the form of equal lows being accumulated.

Jason_Traders Updated 

Hello, trader. The market fell further as we expected last week. During the economic data window, the market began to price in only one interest rate cut this year. This is not just for crypto market, but for all financial markets. This is likely to last until early July, before bulls come back and bring enthusiasm again. During this period, the PCE released...