Dear Traders all around the world!
I'm super excited to publish this SPX chart as it's very clear what we have to do. If you like this analysis, show me some love thorugh likes & follows! Your support really keeps me going. Comments and opinions are appreciated!
We're approaching a bigger resistance-zone, currently smashing through 4th December highs. Keep an eye on the daily RSI as it's approaching 20th September 18' resistance too.
We have a clear liquidity void between $2822-2867. This means we have untapped liquidity above our three (nearly-equal) highs. I expect us to engineer liquidity above these highs before going lower. A good short-entry could be formed at EQ of our liquidity void. As a target I'd make use of $2605.
As highlighted in the chart, we have three different options to trade this. From a riskier setup to a more conservative position. Choose whatever you feel more comfortable with. Referring to the first setup, always keep in mind that EQ's of liquidity voids can be taken out easier.
Staying patient & excited until we see more developed PA. Updates are following.
I'm super excited to publish this SPX chart as it's very clear what we have to do. If you like this analysis, show me some love thorugh likes & follows! Your support really keeps me going. Comments and opinions are appreciated!
We're approaching a bigger resistance-zone, currently smashing through 4th December highs. Keep an eye on the daily RSI as it's approaching 20th September 18' resistance too.
We have a clear liquidity void between $2822-2867. This means we have untapped liquidity above our three (nearly-equal) highs. I expect us to engineer liquidity above these highs before going lower. A good short-entry could be formed at EQ of our liquidity void. As a target I'd make use of $2605.
As highlighted in the chart, we have three different options to trade this. From a riskier setup to a more conservative position. Choose whatever you feel more comfortable with. Referring to the first setup, always keep in mind that EQ's of liquidity voids can be taken out easier.
Staying patient & excited until we see more developed PA. Updates are following.