Short
us500 DANGER ZONE
You can say danger yes but don't cry out doomsday yet.
We are seeing classic pull back after strong technical rebound. We want to structure a nice W daily and reverse downward trend in place.
Closed below key 1D MAs and trending below Kumo. Lost momentum in h4. Expected retest of 4300 to hope for a trend reversal. But we are far from it.
Good thing is we have to go in RLZ anyway if we want to structure that W and start moving above trend.
In any case this is a place of uncertainty and manage your risk!
We are seeing classic pull back after strong technical rebound. We want to structure a nice W daily and reverse downward trend in place.
Closed below key 1D MAs and trending below Kumo. Lost momentum in h4. Expected retest of 4300 to hope for a trend reversal. But we are far from it.
Good thing is we have to go in RLZ anyway if we want to structure that W and start moving above trend.
In any case this is a place of uncertainty and manage your risk!
Note
Continuation of downtrend towards 1st stop 3670
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.