US 100 Cash CFDShort
Double Top and Divergence
The market reached the resistance level and bounced. As a result now we have a double top chart pattern and bearish divergence formed by RSI. MACD also confirms down movement. We can think about opening short trades, if price breaks MA100. Entry level is below 4780 and stop is above the nearest swing high. Take profit orders can be placed near 4700 and 4650. If price bounces from MA100, probably we'll see up movement to the resistance level.
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