🔥 S&P 500: Curve Analysis (6W) 🔥

(Position Trade)

SLO2 @ 4615 📉
SLO1 @ 4200 📉
TP1 @ 3410
TP2 @ 2745
TP3 @ 2255
TP4 @ 1550
BLO1 @ 1440 ⏳
BLO2 @ 875 ⏳

ADDITIONAL INFO:
🔥 Using this new ATH gives us a new HTF Curve

✍️ I'm anticipating the probability of POC @ 3489 will change from Support to Resistance

📉 If this curve holds, then we should expect a MASSIVE MARKET CRASH down to the mean around 1440

Major Support (Proximal) @ 1707.80
Major Support (Distal) 1342.60

⚠️ Once PA reaches Demand this will be our signal that the Market as a whole is returning to a healthy state

🔑
ATH = ALL TIME HIGH
BLO = BUY LIMIT ORDER
HTF = HIGH TIME FRAME
PA = PRICE ACTION
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT

Long-term time frames (1 week to 1 year):

— Shows the big picture, revealing major trends and economic factors.

— Less volatile, price movements are slower and smoother.

— Suitable for long-term trend trading and position trading.

— Requires less frequent monitoring but may offer fewer trading opportunities.