S&P500 | Price is in Downtrend Channel,The best place to SELL!..
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S&P500
The price is following a downtrend channel,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
for price to become bullish it has to break above the channel...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
S&P500
The price is following a downtrend channel,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
for price to become bullish it has to break above the channel...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.