US100 SHORT
Continuation of my last idea.
Both TPs got hit and the short term rally pushed after sweeping the lows.
The rally was met with to large of a bullish sentiment to be solid and will most likely fail due to the time it took to be met.
Expecting a further drop below these lows with then a steady decrease in selling pressure leading to stalling below the lows of the target.
Once stalling has started i expect the market to retest highs of the stall before the large order influx that will change the short term cycle of this market from a short bias to a long bias.
this long bias, if met, will likely last a few days and sit above the highs of the week.
Both TPs got hit and the short term rally pushed after sweeping the lows.
The rally was met with to large of a bullish sentiment to be solid and will most likely fail due to the time it took to be met.
Expecting a further drop below these lows with then a steady decrease in selling pressure leading to stalling below the lows of the target.
Once stalling has started i expect the market to retest highs of the stall before the large order influx that will change the short term cycle of this market from a short bias to a long bias.
this long bias, if met, will likely last a few days and sit above the highs of the week.
Trade active
Sl now moved to break evenTrade closed: target reached
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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.