US500 A-B-C Above the Order Block

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

US500 has formed a 3 point breakout and it’s expected to  go higher.

Point A is the order block and we can spot a drop from the level straight to point B at 4531. The breakout above 4753 is bullish and the first target 4783 has been hit. New highs are possible and targets are 4809, 4829 and 4841. If the market manages to close above 4841 then 4861 is next.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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