S&P500 on 4 Hour

18 июл.

Price is approaching a key area of previous structure resistance turned support, leading with a strong bullish movement previously to form a new all time high. Price has been pulling back, & is nearing the key area zone below, where I will be watching for a retest as new support on the lower timeframe for another potential move back to the upside again.

This zone of interest also aligns with the 61.8 fib pullback region.

19 июл.

Заметка

That reaction on the 30 min timeframe happened perfectly at the key level zone