S&P500(US500):🔴Is it Bearish...?!🔴(Details on caption)

١٥ أبريل ٢٠٢٤

By examining the ES1! 4-hour chart (S&P), we can figure out that, the market structure is bearish, so we looking for a sell position.

In that case, the price had a bearish reaction to all of the bearish Pd Array, so we can expect a bearish reaction on the balance price range (BPR).

In my perspective, sell-side liquidity is a draw on liquidity. Until this sell-side is not purging I don't think about buy position.



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🗓️15/04/2024
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١٦ أبريل ٢٠٢٤

ملاحظة

As I expected, the price moved down to sell-side liquidity but did not touch the balance price range.

I hope you use this TA.

Cheers 🥂