Apr 25, 2025
Trade ideas
US500, Daily
In the Daily timeframe, US500 has formed an expanding wedge pattern in a short-term bearish trend. Price has reached the upper trend line and +DI has crossed -DI on ADX, however %R indicates extreme overbought.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Egor Schmidt
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