The US100 is in the support trend line. Today the counter has made an entry in the support line at the price 10415. The price started bouncing from the entry point, so long is more preferable for this counter. We can place our stops below level S1 (10307).
We can also see an accumulation phase in the counter which supports the same. Therefore we can expect a bounce the bottom of the phase (S1) to reach the top line of the phase (R1). The movement of the MACD indicator also indicates the upward movement of the price,
We can also see an accumulation phase in the counter which supports the same. Therefore we can expect a bounce the bottom of the phase (S1) to reach the top line of the phase (R1). The movement of the MACD indicator also indicates the upward movement of the price,