us100 is at the crucial MA 200 level support getting respected
fib level 0.5 getting respected with reaction
Bearish :
LLLH
Based on weekly time frame pair is making double bottom formation
Trend line support is broken.
As per the double tpp projection i can see the price can touch 19095
MA 21 is respected in weekly indicates further fall.
Next level can be at 19667-19095 based on fib level golden range.
Will look for short opportunities in this pair as i can see there its a failing IHS formation made .
Trade plan bias short @ 20376
SL:20582
TP1:20147
TP2:19913
fib level 0.5 getting respected with reaction
Bearish :
LLLH
Based on weekly time frame pair is making double bottom formation
Trend line support is broken.
As per the double tpp projection i can see the price can touch 19095
MA 21 is respected in weekly indicates further fall.
Next level can be at 19667-19095 based on fib level golden range.
Will look for short opportunities in this pair as i can see there its a failing IHS formation made .
Trade plan bias short @ 20376
SL:20582
TP1:20147
TP2:19913
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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.