đS&P500 Continued declines
đFollowing on from my recent post outlining a scenario for closing the downward gap, which was successful:
đIt is time to continue my scenario for the s&p500 declines:
đThe situation currently looks like this after the closing of the falling gap. The session opened significantly higher just inside the resistance zone defined by the 0.618 level, also a gap up this time.
đWhich has now closed and we have made a slight upward inescence climb yet.
đIn my opinion, from this point onwards, the next wave of stock sell-offs will begin, which will cause the index to fall to the first support set by the 1.272 level of the current upward wave and maybe even lower.
đThe scenario I am playing out is to continue the decline and watch how the price will react at the
support zone,
đ*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
đIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.đ
đFollowing on from my recent post outlining a scenario for closing the downward gap, which was successful:
đIt is time to continue my scenario for the s&p500 declines:
đThe situation currently looks like this after the closing of the falling gap. The session opened significantly higher just inside the resistance zone defined by the 0.618 level, also a gap up this time.
đWhich has now closed and we have made a slight upward inescence climb yet.
đIn my opinion, from this point onwards, the next wave of stock sell-offs will begin, which will cause the index to fall to the first support set by the 1.272 level of the current upward wave and maybe even lower.
đThe scenario I am playing out is to continue the decline and watch how the price will react at the
support zone,
đ*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
đIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.đ
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đČ To keep up to date with all my activities I invite you to visit my Telegram đČ
đČ www.t.me/Investmatez đČ
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