Last week SPX500USD made a correction up, broke through the lower Daily/ Weekly FVG and took the liquidity under the low (of blue wave 4). After price closed below the Daily/ Weekly FVG, it became a Balanced price range (BPR).
So next week we could see a correction down and a retest into the Weekly/ Daily BPR. After that this pair could drop again.
Trade idea: Wait for the correction down and retest into the BPR's. After a change in orderflow to bearish, you could trade shorts.
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This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
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