Hi traders,
Last week SPX500USD made a correction up, broke through the lower Daily/ Weekly FVG and took the liquidity under the low (of blue wave 4). After price closed below the Daily/ Weekly FVG, it became a Balanced price range (BPR).
So next week we could see a correction down and a retest into the Weekly/ Daily BPR.
After that this pair could drop again.
Trade idea: Wait for the correction down and retest into the BPR’s. After a change in orderflow to bearish, you could trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don’t be emotional, just trade!
Eduwave