Head and shoulders pattern developing. I already entered short at 2401. If Donald Trump announces a 2 trillion dollar has been passed than this analysis will most likely be void.
Thoughts on the S&P500 Looking at the Daily chart here it seems it went for a pull back and now it looking like it has hit the sellers "trap" (Order block) it looks like it has been rejecting today.. BUT if it goes past this it could hit the uptrend trendline and start building back.... DONALD TRUMP since he has became President gone up more than 50% now this...
XAUUSD is actually rising up but we porbably need a retest of the uptrend before the big rise so we will wait this retest in the supply to fall to our P3 and after of this make an entry to the value, the first TP is in 1600, the second TP is in 1650.
Quick TA on Matic/BinanceCoin DotcomJack
As the daily price has move directly down towards our trend line a clear long order is emerging, with the daily channels clearly defined we will be entering long around the 0.68500 level. The US/ Iran saga is something to consider within this position. Remember to use good risk/reward ratios. Check out all our in depth analysis and trade ideas here...