Long
US100 Daily analysis
Hi Traders
Todays analysis on US100, on the daily chart. You can see that price made a huge double bottom, made up from 2 separate double bottoms as ssen in the chart. This is a strong trend reversal, and leaves us open for a possible long swing trade. Price has made the double bottom and made the first push up, as you can see, the previous daily close gave us a strong engulfing going long, after 2 bearish sticks, signaling a retest of the double bottom pattern, which 9 times out of 10 will send you rocketing to confirm the market reversal
Todays analysis on US100, on the daily chart. You can see that price made a huge double bottom, made up from 2 separate double bottoms as ssen in the chart. This is a strong trend reversal, and leaves us open for a possible long swing trade. Price has made the double bottom and made the first push up, as you can see, the previous daily close gave us a strong engulfing going long, after 2 bearish sticks, signaling a retest of the double bottom pattern, which 9 times out of 10 will send you rocketing to confirm the market reversal
Trade active
Played out perfectly, lets see how much more we can go upTrade active
This setup is still valid, there has been some market manipulation, but they should continue the climbTrade active
Analysis still playing out like a dream
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.