Hello analysts and traders.
Price touched the trendline on the 4hour chart.
SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions from the all time high .
Where did price fall to?
Key trendline creating a lower high.
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing.
We are currently long but await the next buy from a daily low.
Key:
See the wider picture
See our last trade:
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
Price touched the trendline on the 4hour chart.
SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions from the all time high .
Where did price fall to?
Key trendline creating a lower high.
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing.
We are currently long but await the next buy from a daily low.
Key:
- 4 hour = orange trendline
Green zone - daily, weekly targets
See the wider picture
See our last trade:
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
