US500 signal

54
Topic :
Due to the price hitting the resistance zone 4377.8, which is also one of the important supply areas, we expect a price correction.

The price range we are looking for is to improve the 4340 area because:
1- It is a resistance area to which the price has reacted many times
2 - Our uptrend is at the level of 0.236
3 - At the level of 0.236, the pattern AB = CD is located
4 - Our Fibonacci channel is at the level of 0.236

Given all these arguments, one can expect a corrective move to the target price area

Looking forward to hearing from you dear ones about your analysis

Penafian

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