The chart you’ve shared shows the US500 (S&P 500 Index) on the 1-hour timeframe with a bullish outlook.
Key Observations:
Current Price: Around 6,013.32
Resistance Level: Near 6,047.95 (green horizontal line)
Take Profit Zone: Marked above 6,060, around 6,080
Structure:
Price has been forming higher lows, suggesting bullish momentum.
A bullish breakout above the resistance (~6,048) is anticipated.
The projected move aims for the 6,080 zone, as shown by the black arrow.
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Strategy Implied:
Buy Entry Trigger: On a confirmed breakout above 6,048
Take Profit (TP): 6,080 zone
Stop-Loss (SL): Could be considered below the recent swing low (~5,980 or slightly lower) for risk management
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Conclusion:
The chart shows a bullish setup, expecting continuation to the upside if resistance is broken. Watching for a clean break and retest of 6,048 would be ideal for confirmation before entering long positions.
Would you like help calculating position size or risk-reward ratios for this trade?
Key Observations:
Current Price: Around 6,013.32
Resistance Level: Near 6,047.95 (green horizontal line)
Take Profit Zone: Marked above 6,060, around 6,080
Structure:
Price has been forming higher lows, suggesting bullish momentum.
A bullish breakout above the resistance (~6,048) is anticipated.
The projected move aims for the 6,080 zone, as shown by the black arrow.
---
Strategy Implied:
Buy Entry Trigger: On a confirmed breakout above 6,048
Take Profit (TP): 6,080 zone
Stop-Loss (SL): Could be considered below the recent swing low (~5,980 or slightly lower) for risk management
---
Conclusion:
The chart shows a bullish setup, expecting continuation to the upside if resistance is broken. Watching for a clean break and retest of 6,048 would be ideal for confirmation before entering long positions.
Would you like help calculating position size or risk-reward ratios for this trade?
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.