Open MQL5 profile
US500M: Bullish Momentum or Possible Reversal?
The US500M is showing bullish momentum after a recent upward move. However, the price is now consolidating near the 7726 resistance area. A break above resistance could support further upside. If the price fails to break above this level, a pullback may occur. I will wait for confirmation before entering a trade. Key level: 7726
Timeframe: H1
Strategy: Wait for confirmation before entering.