US500 - Decision Zone!

24 Jul

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

US500 has been overall bullish trading within the rising channel marked in red.

This week, US500 is in a correction phase and it is currently retesting the lower red trendline.

📈As long as the last low marked in red holds, we expect a bullish continuation.

📉 In parallel, if the last low in red is broken downward, a deeper correction towards the lower orange trendline and zone would be expected.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich