Is this the start of the downmove for SPX500USD?
Hi traders,
Last week SPX500USD made a small move up but did not close above the previous high.
Price is dying out but there are still no clear signs of a reversal. So I'll wait for more development.
Next week we could see the start of the (corrective) downmove.
Trade idea: Don't trade at this point.
If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
Last week SPX500USD made a small move up but did not close above the previous high.
Price is dying out but there are still no clear signs of a reversal. So I'll wait for more development.
Next week we could see the start of the (corrective) downmove.
Trade idea: Don't trade at this point.
If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave