4H Idea

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4H IdeaSPX 500 IndexBLACKBULL:SPX500t0kenst0cks87The only trade as of now would be a retest of old resistance/support. Have a stop under support area. Entry 1 - would be a bit more aggressive as price moves into old resistance. Entry 2 - enter as price moves towards the bottom of old resistance. Entry 3 - would be entered as price starts to bounce from old resistance. This would be the plan, however, the caveat is this: How did price get back to old resistance? If price starts to build lower highs and lower lows as it moves back down then the plan may have to be scrapped as there is a higher potential for price to fail and begin to trend lower.