Updated
US100: Long or Short? Better watch and REACT than PREDICT
Price will most likely go down to retest the neck line. Wait for the breakout of structure to see the clearer direction.
Plan 1: Short once it breaks down the structure
Plan 2: Long once it breaks up the structure
Target is on the structure or resistance
Plan 1: Short once it breaks down the structure
Plan 2: Long once it breaks up the structure
Target is on the structure or resistance
Note
Seems we will do plan 2. In 15min chart we see another small consolidation. Will buy when price breaks up the structure. However, when price breaks down the structure let's wait and see the price reaction
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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.