US500 AROUND AN OVER-SOLD ZONE

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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Quick update on US500

As we can see price is still overall bearish trading inside this channel making clean lower lows and lower highs as well.

However, price is approaching a massive zone, where the price will be sitting around a support zone lining up with an oversold zone which is the lower bound of this falling channel.

By these rejections, we will be expecting and speculating new bullish correction movement.

Meanwhile, we need some confirmation on lower time frame by any bullish reversal pattern like double bottom pattern or trendline break, depending on your trading plan.


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and as usual follow your trading plan and manage your risk.

Be patient and good luck!