Brent
In the H4 chart, after rebounding from the resistance at 8/8, Brent is expected to resume falling towards the support at 5/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing to reach the resistance at +1/8.
As we can see in the M15 chart, the asset has broken the downside line of the VoltyChannel indicator and, as a result, may continue the descending tendency.
S&P 500
In the H4 chart, the Index is still moving inside the “overbought area”. In this case, the price is expected to break 8/8 and then continue falling to reach the support at 7/8. However, this scenario may no longer be valid if the price breaks +1/8 to the upside. After that, the instrument may continue growing towards the resistance at +2/8.
As we can see in the M15 chart, the asset has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards to reach 7/8 from the H4 chart.
