S&P500 on 4 Hour

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Price is approaching a key area of previous structure resistance turned support, leading with a strong bullish movement previously to form a new all time high. Price has been pulling back, & is nearing the key area zone below, where I will be watching for a retest as new support on the lower timeframe for another potential move back to the upside again.

This zone of interest also aligns with the 61.8 fib pullback region.

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ملاحظة

That reaction on the 30 min timeframe happened perfectly at the key level zone