Technical rebound occurred. Test area: rebound or new bull phase
As estimated in the last analysis (it.tradingview.com/c...f-technical-rebound/) a technical rebound occurred regularly on the indicated levels.
In these hours we are in an extremely important phase. The area is indicative of a possible Bear continuation area.
Any targets are indicated in the area below $2200; A break to the upside above $ 4350 would invalidate the trade and open to long scenarios.
In these hours we are in an extremely important phase. The area is indicative of a possible Bear continuation area.
Any targets are indicated in the area below $2200; A break to the upside above $ 4350 would invalidate the trade and open to long scenarios.
Trade active:
Analysis update
After the publication of the analysis on SPX and the opening of the SHORT position, the movement confirmed and we are now about + 7.06% from the opening of the position
The long-term movement and its target remain unchanged at the moment, at around $2200.
A further bearish confirmation, with the possibility of increasing the position is in the 3640/3630 area, there a possible break is a confirmation of the continuation of the trend.
In addition, there are opportunities to maximize gains from any rebounds both in the $ 3830/3790 (1) area, but also in the $ 3660/3593 (2) area, both of which are short closing opportunities to reopen higher.
The long-term trend remains bear, and as mentioned, we will have further confirmation in the $ 3640 area (also immediately this month?)
After the publication of the analysis on SPX and the opening of the SHORT position, the movement confirmed and we are now about + 7.06% from the opening of the position
The long-term movement and its target remain unchanged at the moment, at around $2200.
A further bearish confirmation, with the possibility of increasing the position is in the 3640/3630 area, there a possible break is a confirmation of the continuation of the trend.
In addition, there are opportunities to maximize gains from any rebounds both in the $ 3830/3790 (1) area, but also in the $ 3660/3593 (2) area, both of which are short closing opportunities to reopen higher.
The long-term trend remains bear, and as mentioned, we will have further confirmation in the $ 3640 area (also immediately this month?)
- the less likely one, is a major rebound from $3640, with continuation of the main UP trend
- the more likely one, a break of the lows (lower lows) that will give a clear long term indication, then a confirmation of the bear market with a target on $2200.