Hi traders,
The outlook of last week for SPX500USD haan't changed. It is still in a big consolidation. It can go lower to the lower 4H demand to complete a big A-B-C correction. And after that it can go up again.
But it is also possible that it's an W-X-Y correction and were now in a triangle. In that case I expect one more small impulsive leg up to complete the E-leg and after that it can drop again.
Let's see how price reacts in the 4H demand zone .
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
The outlook of last week for SPX500USD haan't changed. It is still in a big consolidation. It can go lower to the lower 4H demand to complete a big A-B-C correction. And after that it can go up again.
But it is also possible that it's an W-X-Y correction and were now in a triangle. In that case I expect one more small impulsive leg up to complete the E-leg and after that it can drop again.
Let's see how price reacts in the 4H demand zone .
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave