US500 R/R 4 !!!!
Topic :
Due to the distance of the price from its Saudi trend line and its collision with the downtrend line and the collision of the price to the resistance zone 4389, which is also at the level of 0.618 of our big wave, we expect the price to return to the next support.
The support area we are looking for is 4317 for the following reasons:
1- The price has reacted to this area many times
2 - This point is at the level of 0.236
3 - This point is at the intersection of the trend line
Please comment on our analysis
Due to the distance of the price from its Saudi trend line and its collision with the downtrend line and the collision of the price to the resistance zone 4389, which is also at the level of 0.618 of our big wave, we expect the price to return to the next support.
The support area we are looking for is 4317 for the following reasons:
1- The price has reacted to this area many times
2 - This point is at the level of 0.236
3 - This point is at the intersection of the trend line
Please comment on our analysis
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