Lingrid

US100 good time to open SELL TRADE

Short
CURRENCYCOM:US100   US 100
After the price broke through the support line 12332.7 at the end of November, it began to grow steadily, using this line as one of the guides for the uptrend. The second trend line - resistance - is the line formed in September 2020.

And although the price made attempts to falsely break the trend lines, it has been actively growing in recent months. However, the other day the price again came to the resistance line 13300.3 and was able to break it.

The breakout turned out to be false - right now the price is exactly on the line, after a slight pullback. And I expect the price to fall again beyond the resistance line and come to support. And this is an excellent position to open a sell order.

I will never tire of reminding you of the importance of SL - look for it above the resistance line at 13579.7

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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