US500US SPX 500 - Forward (19 Mar - 16 Jun)PEPPERSTONE:US500Fsensotrade So i had a channel which had been broken downside , i am still in the count where we might finish the 3rd larger wave right now , but this needs to be concluded later ... We can see price broke downside , and now we touched the 4 h Order Block ( red rectangle ) which made the price bounce . As long as the price doesent go further downside and close under that order block , then we might say that the situation is still bullish .... So for me if price stays upper 7500 than it means bullish still in place , but if it is breaking under 7500 and stays there then bearish is full confirmed