From 5,904 bounce to 6,038 upside—Key reversal zones at 5,960 & 5,904
The post From 5,904 bounce to 6,038 upside—Key reversal zones at 5,960 & 5,904 appeared on BitcoinEthereumNews.com. Updated S&P 500 Futures (ESM2025) Trading Plan As of May 20 – Post-bounce off 5,904 POC → rally to 5,960 1. Key Levels Resistances 5,960 – Recent pivot/range high 5,977–5,994 – Target zone (50–61.8% Fib of May 13 gap) Support 5,904 – POC / VWAP mid-line—reliable demand anchor 5,926.75 – 61.8% retrace of Monday’s gap-up rally 5,870 – Lower channel base & May 16 swing low 2. Market Context Bounce Confirmed: Price respected the 5,904 POC line and has reclaimed 5,926.75, validating buyers at value control. VWAP Alignment: The intraday VWAP band has flipped into support, reinforcing institutional demand through the morning. Momentum Shift: A clean break above 5,960 would trigger a bullish acceleration toward the Fibonacci cluster near 5,977–5,994. Friday, 16 May, close of trades Chart update Monday 20 3. Bullish Play Re-test & Hold 5,926.75: Entry: Scale in long on any pullback and hold above 5,926.75 + VWAP mid. Targets: 5,960 → 5,977 → 5,994 Stop: Below 5,904 Breakout Above 5,960: Entry: Aggressive long on 5-min close above 5,960. Targets: 5,977 → 6,000 (psychological) → channel upper pitch near 6,038 Stop: 5,940 4. Bearish Play Failure at 5,960–5,977 Zone: Entry: Short on a reversal candle into that resistance band. Targets: 5,926.75 → 5,904 → 5,870 Stop: Above 5,980 Break Below 5,904 (POC): Entry: Short on 5-min close under 5,904. Targets: 5,870 → 5,845 (0% gap) → lower channel near 5,814 Stop: 5,920 5. Execution Notes Volume Confirmation: Favour entries when volume spikes at your entry level. Risk: Keep risk per trade ≤ 1% of capital. Alerts: There are 5,926.75, 5,904, and 5,960 alarms for swift reaction. Source: https://www.fxstreet.com/news/esm2025-playbook-from-5-904-bounce-to-6-038-upside-key-reversal-zones-at-5-960-5-904-202505191804
The post From 5,904 bounce to 6,038 upside—Key reversal zones at 5,960 & 5,904 appeared on BitcoinEthereumNews.com.
Updated S&P 500 Futures (ESM2025) Trading Plan As of May 20 – Post-bounce off 5,904 POC → rally to 5,960 1. Key Levels Resistances 5,960 – Recent pivot/range high 5,977–5,994 – Target zone (50–61.8% Fib of May 13 gap) Support 5,904 – POC / VWAP mid-line—reliable demand anchor 5,926.75 – 61.8% retrace of Monday’s gap-up rally 5,870 – Lower channel base & May 16 swing low 2. Market Context Bounce Confirmed: Price respected the 5,904 POC line and has reclaimed 5,926.75, validating buyers at value control. VWAP Alignment: The intraday VWAP band has flipped into support, reinforcing institutional demand through the morning. Momentum Shift: A clean break above 5,960 would trigger a bullish acceleration toward the Fibonacci cluster near 5,977–5,994. Friday, 16 May, close of trades Chart update Monday 20 3. Bullish Play Re-test & Hold 5,926.75: Entry: Scale in long on any pullback and hold above 5,926.75 + VWAP mid. Targets: 5,960 → 5,977 → 5,994 Stop: Below 5,904 Breakout Above 5,960: Entry: Aggressive long on 5-min close above 5,960. Targets: 5,977 → 6,000 (psychological) → channel upper pitch near 6,038 Stop: 5,940 4. Bearish Play Failure at 5,960–5,977 Zone: Entry: Short on a reversal candle into that resistance band. Targets: 5,926.75 → 5,904 → 5,870 Stop: Above 5,980 Break Below 5,904 (POC): Entry: Short on 5-min close under 5,904. Targets: 5,870 → 5,845 (0% gap) → lower channel near 5,814 Stop: 5,920 5. Execution Notes Volume Confirmation: Favour entries when volume spikes at your entry level. Risk: Keep risk per trade ≤ 1% of capital. Alerts: There are 5,926.75, 5,904, and 5,960 alarms for swift reaction. Source: https://www.fxstreet.com/news/esm2025-playbook-from-5-904-bounce-to-6-038-upside-key-reversal-zones-at-5-960-5-904-202505191804
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