US500, H4
On the H4, a short-term decline began after the US500 updated its all-time high. The price broke the trend line and reached an essential resistance while testing MA200, also known as resistance. The bullish sentiment is powerful, and given the trend breakdown, further growth can be expected.
- US500 may be considered for a buy when breaking the resistance at 5150 and rising above MA200 with the target to 5225;
Conclusion
In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.