Hello guys once again
Here we will discuss about US100 buy opportunity. We can Cleary see 2 big triangles in which price traded over the past over the past 2 months.
The first triangle created a bearish wave over it. So, with recent price action we can see the 2nd wave is creating a bullish wave just under the structure. Which means price may reverse aggressively to the upside from today! This is an 8hrs chat so wait for 8hrs candle to see which direction price is headed. By looks of it should take 1/2 days to hit Take Profit.
**use sensible risk to reward** You may also short it once you see bearish signs after hitting TP (but use same risk to reward)
Goodluck!! pls like and share if you find this analysis useful.
Follow me for weekly anaylsis
Here we will discuss about US100 buy opportunity. We can Cleary see 2 big triangles in which price traded over the past over the past 2 months.
The first triangle created a bearish wave over it. So, with recent price action we can see the 2nd wave is creating a bullish wave just under the structure. Which means price may reverse aggressively to the upside from today! This is an 8hrs chat so wait for 8hrs candle to see which direction price is headed. By looks of it should take 1/2 days to hit Take Profit.
**use sensible risk to reward** You may also short it once you see bearish signs after hitting TP (but use same risk to reward)
Goodluck!! pls like and share if you find this analysis useful.
Follow me for weekly anaylsis