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Murrey Math Lines 26.02.2021 (Brent, S&P 500)

BRENT

In the H4 chart, Brent is consolidating below 5/8. In this case, the pair is expected to continue falling to reach the closest support at 4/8. However, this scenario may no longer be valid if the price breaks the support at 5/8 to the upside. After that, the instrument may continue growing towards the resistance at 6/8.

Murrey Math Lines 26.02.2021 BRENT_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue the descending tendency.

Murrey Math Lines 26.02.2021 BRENT_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

In the H4, the S&P Index has broken the 200-day Moving Average and the consolidation range to the downside. In this case, the price may continue falling within the downtrend towards the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may grow and reach the resistance at 5/8.

Murrey Math Lines 26.02.2021 XAUUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue its decline.

Murrey Math Lines 26.02.2021 XAUUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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