Nice long opportunity on SPX500.
Chart 1
Unfilled demand with a rally base rally at 4474, With the base being a flag and a untested demand. Untested demands acts like magnets where price will be drawn towards them.
I'm going long when price reaches that level. Level set at 4480 with stop being 4460 but ill leave it open depending on news and how price reaches that level. Possible with a spike down. Risking 10 bucks and will see what the market can give us.
Chart 2
Order set
Chart 3
supply being the red lines which will hold us back from heading higher
And blue lines of current demand that has been consumed which in theory should allow us to move lower to the untested demand with chart 1 levels.
Chart 4
This is the exact level im looking at which is a flag in price.
Just a heads up
Chart 1
Unfilled demand with a rally base rally at 4474, With the base being a flag and a untested demand. Untested demands acts like magnets where price will be drawn towards them.
I'm going long when price reaches that level. Level set at 4480 with stop being 4460 but ill leave it open depending on news and how price reaches that level. Possible with a spike down. Risking 10 bucks and will see what the market can give us.
Chart 2
Order set
Chart 3
supply being the red lines which will hold us back from heading higher
And blue lines of current demand that has been consumed which in theory should allow us to move lower to the untested demand with chart 1 levels.
Chart 4
This is the exact level im looking at which is a flag in price.
Just a heads up
Indicators only Indicate, Price action dictates.