Hello guys i had find s&p500 trade which formed double top in 1h timeframe and also breaking this channel we can get good opportunity when it break the trendline thank you if you like my analysis plzz like share and comment and do follow for more
As we are observing since weeks, this is moving in a range bound even federal and Trumph trying many ways to keep future full of optimism. Later move came from oil price again positive from destructed value. US -trump putting allegation on china and business war so on.
PS - One negative attitude or any bankruptcy will take away the this rally, keep caution while...
Weekly looks bearish and on lower time frames we can see a clear triple top formation
its a good opportunity for a short after resistance breakout
MACD & RSI showing a big divergence on the tops making lower highs instead
Price touched 50% retracement level of the recent crash as well as the upper band of the ascending channel which is a bearish pattern. There is high probability that the price is going to reverse and resume its down trend after breaking the channel support.
N.B, Please note that this is a market study based on my knowledge and experience and not a trade...
suppose to sustain above 21 494, price push more up 300-400 points on DJIA.
Valid R 21518
=> There's still a chance to push price 20532 and 20415 if the price is trading below 21518.
Exactly resistance was taken as yesterday predicted .
suppose to sustain above 21494, price push more up 300-400 point s on DJIA.
Valid R 21518
=> There's still a chance to push price 20532 and 20415 if the price is trading below 21518 .
Exactly resistance was taken as yesterday predicted.