Lucas_Sochulak

SPY, HUGE RESITENSE ZONE, 5.3.2020

AMEX:SPY   SPDR S&P 500 ETF TRUST
Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.

Short description of analysis:

Corona virus constantly sweeps the market. This fundament stirred the markets and created a huge resistance zone (1) that worked several times. But the question arises as to whether it will gather energy and will want to look below. Therefore, focus on a longer period. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.



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