US500 |How Far Down Can The Price Move?

US500 |How Far Down Can The Price Move?

During our previous analysis, the price filled the gap and it also reached our two first targets.

After the gap we can see a clear price rejection close to 3950.

The price tested 3950 two times before it began moving lower gain.

Actually, the price broke out from the pattern and it already closed a very strong bearish candle
by confirming in this way that it can continue lower.

We can see any correction before the price will continue with the bearish movement.

Targets:
🎯 3711.9
🎯 3655.6

Thank you and Good Luck!

Previous analysis: