US100 time to sell
For a very long time, the price of the index has been moving in an upward trend.
However, now it has come to a strong resistance zone.
This zone is composed of:
- a smaller zone, the first exposure of which was in September 2020.
- the resistance line is also in 2020 - but already in January.
Taking into account the fact that the last two weeks the price has been in steady and even growth.
And also taking into account the strength of this resistance zone.
I expect the price to drop soon.
The fall will be from the resistance zone to the support line (12038.6).
You can open a sale.
SL - 12724.0 - above the resistance zone
TP - 12038.6 - along the support line.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
However, now it has come to a strong resistance zone.
This zone is composed of:
- a smaller zone, the first exposure of which was in September 2020.
- the resistance line is also in 2020 - but already in January.
Taking into account the fact that the last two weeks the price has been in steady and even growth.
And also taking into account the strength of this resistance zone.
I expect the price to drop soon.
The fall will be from the resistance zone to the support line (12038.6).
You can open a sale.
SL - 12724.0 - above the resistance zone
TP - 12038.6 - along the support line.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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