If you have seen my previous post , where i have analysed S&P500.
The price broke the trend line and heading towards the previous lows
Now lets see what price can do next, as you can see from the above image that price is approaching major support zone
we might see price reversing a bit before it stretches into further bear zone
lets look for some price pattern and possible reversal at 1 hour time frame
Wait for some possible reversal pattern at 1 hour before you enter any long position
