Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
US500 BEARISH REVERSAL FORMED!
As we can see price is still overall bullish from a long-term perspective trading inside the orange rising channel
However, price reached a massive resistance zone, where we are still looking for new bearish movements.
Adding on price is still also bullish from medium term perspective trading inside a bullish channel,
Moreover, for the bears to kick in and start a new bearish correction movement, we need a break below the marked swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
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