Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

S&P500 sell trading idea explained #forextrading #forexeducation #forextrader #forexanalysis #forex

30 Jan 2023 · 1 min

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Vladimir Ribakov identifies two sell levels on the S&P500 using volume zones and an ABCD corrective pattern. He looks for confluence between resistance from the recent bearish move's high, prior highs, and the pattern's peak as supply zones where the market might reject and reverse.

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the volume zone create a classical potential rejection area. With that being said, let's bring the next ones. So the next levels are slightly higher. This is the last high here of the bearish move, as which behaves as a resistance and a potential supply area as well. It fits also in the previous a high. And on this ABCD correction upside, this high also creates a classical supply zone. So these are the 2 levels where I will be looking for my sell