US100 short, Failure to push higher as can be seen on chart.
Relay on the bottom sitting heavy, 2nd retest on supply, failure to meet with needed volitility.
should see the bottom get smacked then a rather heavy rally to the topside to then bottom out a little lower than the rallies low.
Once the rallies low sits for a while, RSI strength should drop and create a new abnormal pip per candle strike that once broken will signal the turn of the markets short term cycle to the upside.
Once the short term cycle is broken, large orders will likely be filled leading to a heavy rally of price most likely taking out the highs we are shorting from. This will probably last a few days until it settles above the highs of this week.
Relay on the bottom sitting heavy, 2nd retest on supply, failure to meet with needed volitility.
should see the bottom get smacked then a rather heavy rally to the topside to then bottom out a little lower than the rallies low.
Once the rallies low sits for a while, RSI strength should drop and create a new abnormal pip per candle strike that once broken will signal the turn of the markets short term cycle to the upside.
Once the short term cycle is broken, large orders will likely be filled leading to a heavy rally of price most likely taking out the highs we are shorting from. This will probably last a few days until it settles above the highs of this week.
Trade closed: target reached