The 4h chart of USTECH100 has shown bearish divergence. The retracement leg is also nearing 0.5-0.618 Fib. levels. Wait for bearish confirmation, which could even be the trend line breakout towards downside.
Adjust your SL accordingly.
This 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
- lots of areas of liquidity above and below current price
- the area of liquidity above the POI has an unmitigated area for about a year
- all TPs are marked on the chart
let me know what you think...
USTECH100 or NASDAQ100 is moving in a downward channel and yesterday it touched the lower line of channel and expected to move up to the upper line of channel you can buy and forget the trade with a stoploss of 14680/15650.
Good luck.
Hello,
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...
if broken the price *supoort and resistance* .. 13995 < ans bougie close down this price ..13995..> confirm sell
First Take profit 13945
Second Take profit 13866
Last Take Profit 13761
STOP LOSS 14110
IF YOU ACCEPT THAT TRADE USE SMALL LOT POSSIBLE
