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STOCK MARKET IS STUCK! WHAT'S NEXT!
STOCK MARKET IS STUCK! WHAT'S NEXT!
By Hadi_karaali
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May 6, 2023
1
May 6, 2023
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.
US500 QUICK UPDATE!
As we can see price is still around a resistance zone, where we are still looking for new shorts on lower time frame.
Moreover, price recently got stuck inside this range, and for the bulls to kick in we need a break above the upper bound of the upper range.
Then a movement higher would be expected, till the upper resistance zone,
Meanwhile, as the price will be approaching our upper bound of this range we will be looking for new shorts.
Unless OfCourse price managed to break below our lower bound, then the bears will take over from a medium-term perspective,
Then a movement lower would be expected till the lower support zone, where we will be looking for new longs as well.
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!
Chart Patterns
Support and Resistance
Trend Analysis
Hadi_karaali
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