Mahtab_Tradia

US100 Time To Fall

Short
CURRENCYCOM:US100   NASDAQ 100
As you see in the daily chart of US100, price is at the upper side of the triangle pattern and could not break the last major high in its last upside move.

The candles of two days ago have been rejected by the resistance level with long shadows.

MACD shows a negative regular divergence: although price has made a higher high, MACD has made a lower high.

IF price breaks the support level at 13720 and closes candle below, we can expect a fall in price first to 13500 and in the case of downside breakout on that level, the next target would be around 13150.
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Comments

I agree Mahtab, waiting for the bears to take over!
+2 Reply
Thanks nice 🦐🚀
+1 Reply
Looks like it's breaking out to the upside? Are we still going to witness a FALL ?
+1 Reply
@ashrafesmael Hi. Since the triangle broken out to the upside, we should look for buy signals
Reply
Splendid chart! Thanks
+1 Reply
Strong resistance zone here
+1 Reply
It seems that the new candle moving upside
+1 Reply
I think so too, good work
+1 Reply
Nice one!
+1 Reply
Thanks for sharing! Very good!
+1 Reply
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