Hi Traders!
As you seen in above chart SP500 Broke the Structure of High confluence where 50EMA
and Trendline conflict with each other. You can also check the price action it
clearly shows Bullish bias.
Where to Enter:
If it Retest the Broken structure at $3328 level.
or
Whenever it breaks $3356 level and placed 4hourly above.
Goals: $3405 and $3490
Stop should be below $3290.
Good luck!
As you seen in above chart SP500 Broke the Structure of High confluence where 50EMA
and Trendline conflict with each other. You can also check the price action it
clearly shows Bullish bias.
Where to Enter:
If it Retest the Broken structure at $3328 level.
or
Whenever it breaks $3356 level and placed 4hourly above.
Goals: $3405 and $3490
Stop should be below $3290.
Good luck!
