US100/Nasdaq has been very bearish, and it quite likely could continue to do so.
I have spotted a deeper retracement and have also managed to spot out the end of an Elliot wave sequence, highlighting a reversal.
Price has also given us a third touch on the supporting trendline and we could expect a more dramatic reaction in a longer term perspective.
Price finding support and reversing in these areas could also form a double bottom, which is a bullish reversal pattern.
We should wait for bullish structure to start forming on the 4H first then long.
Price may retrace of reverse
Make sure you follow to stay updatedš
US100
I have spotted a deeper retracement and have also managed to spot out the end of an Elliot wave sequence, highlighting a reversal.
Price has also given us a third touch on the supporting trendline and we could expect a more dramatic reaction in a longer term perspective.
Price finding support and reversing in these areas could also form a double bottom, which is a bullish reversal pattern.
We should wait for bullish structure to start forming on the 4H first then long.
Price may retrace of reverse
Make sure you follow to stay updatedš
US100
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