hi again
The US500 has shown strength by breaking the resistance at 5483.5 and is now at 5535. If the price reaches 5604.6 and a pullback occurs, targeting a temporary decline at the 50% Fibonacci retracement level is a good strategy.
Fibonacci retracement is often used to identify potential support and resistance levels where the price might pause or reverse. The 50% level is one of the commonly watched levels by traders as it often indicates a significant turning point in price movement.
good luck all
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
The US500 has shown strength by breaking the resistance at 5483.5 and is now at 5535. If the price reaches 5604.6 and a pullback occurs, targeting a temporary decline at the 50% Fibonacci retracement level is a good strategy.
Fibonacci retracement is often used to identify potential support and resistance levels where the price might pause or reverse. The 50% level is one of the commonly watched levels by traders as it often indicates a significant turning point in price movement.
good luck all
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.