US500 AROUND AN OVER-SOLD ZONE

28 окт. 2023 г.

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

Quick update on US500

As we can see price is still overall bearish trading inside this channel making clean lower lows and lower highs as well.

However, price is approaching a massive zone, where the price will be sitting around a support zone lining up with an oversold zone which is the lower bound of this falling channel.

By these rejections, we will be expecting and speculating new bullish correction movement.

Meanwhile, we need some confirmation on lower time frame by any bullish reversal pattern like double bottom pattern or trendline break, depending on your trading plan.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!