USTECH100CFD
Navigating through a Bear MarketThis is not financial advice
Regression Overall Trend
Lower lows and Lower highs since beginning of November,
Short/Sell when it goes above blue line and Buy/Long below red line. you may also use the red middle line as support/ resistance
Stoploss if it breaks significantly above/below
Ucoming catalyst
US CPI Numbers
FOMC
State of mortgages/housing
USTECH100 HUGE RSI Divergence on Weekly chartHello,
We have a huge rsi divergence on weekly timeframe for WHSELFINVEST:USTECH100CFD that probably indicates us a retest of the support zone at the 14085 level.
The pattern that is configured is W with retest of the neckline, a healthy movement of correction that could subsequently lead to higher levels.
The operations that can be followed are 2 :
Short with take profit in 14085 area or wait for the market to retrace on the highlighted level to enter long in view of 15 K .
Be careful next 2 weeks is earning season for most tech companies.
Not a fianancial Advise.
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