SPX500USD ( TRADING ABOVE SUPPORT LEVEL(1) ) ( 4H )

7 de ago.

SPX500USD

HELLO TRADERS

• Tendency, the price is under bullish pressure , until the price trading above support level (1) at 5,206 .
  
  
• Upward Zone : until the price trading above 5,206 , refers active upward zone , currently the price trading above turning level at 5,267 , to rising inside resistance zone between 5,344 & 5,411 , first thing for this rising reach of a resistance level (1) at 5,344 , by closing 4h candle above it easily reach next level at 5,411 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before .
  
  
• Downward Zone: should the price reserve and breaking turning level at 5,267 , indicates dropping to support level (1) around 5,206 , to confirm true decline , the price it will be breaking 5,267 , by closing 4h candle below it to reach support level (2) at 5,124 , called support zone have been buying increase in this zone before .
  
  
• Corrective level :Price may make a correction at 5,267 & 5,206 , before rising .
  
  

TARGET LEVEL :

• RESISTANCE LEVEL : 5,344 , 5,411 .
  
• SUPPORT LEVEL : 5,206 , 5,124 .