US 500
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EYES ON STOCK MARKET US500

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 BEARISH REVERSAL FORMED!


As we can see price is still overall bullish from a long-term perspective trading inside the orange rising channel

However, price reached a massive resistance zone, where we are still looking for new bearish movements.

Adding on price is still also bullish from medium term perspective trading inside a bullish channel,

Moreover, for the bears to kick in and start a new bearish correction movement, we need a break below the marked swing low, then a movement lower would be expected.

And as usual 1-2 risk to reward ratio from a risk management perspective.


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 PatternsSupport and ResistanceTrend Analysis

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