Connect with us

Analysis

Murrey Math Lines 25.02.2022 (Brent, S&P 500)

BRENT

As we can see in the H4 chart, Brent is trading within the “overbought area”. In this case, the price is expected to break 8/8 and then continue moving downwards to reach the support at 7/8. However, this scenario may no longer be …

BRENT

As we can see in the H4 chart, Brent is trading within the “overbought area”. In this case, the price is expected to break 8/8 and then continue moving downwards to reach the support at 7/8. However, this scenario may no longer be valid if the asset breaks the resistance at +1/8 to the upside. After that, the instrument may grow towards +2/8.

Advertisement



Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

BRENT_M15

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

Advertisement

In the H4 chart, the S&P Index is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to rebound from 3/8 and then resume falling towards the support at 1/8. However, this scenario may no longer be valid if the asset breaks the resistance at 4/8 to the upside. After that, the instrument may grow to reach 5/8.

S&P 500_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, that’s why the pair may resume trading downwards only after rebounding from 3/8 in the H4 chart.

Advertisement

S&P 500_M15

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *