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DeGRAM
Feb 18, 2021 9:09 AM

US100 fall after breakout Short

CURRENCYCOM:US100360

Description

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After a false breakout, the price returned behind the resistance.
The uptrend started in June 2020.
The basis of the trend is resistance.

It is this strong line formed in June 2020.
During this time, there were false breakouts.
After the last breakout, the price returned behind the 13773.5 line.
I look forward to continuing to fall to support.
Target - 13263.0

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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Trend Analysisus100shortForex
Comments
UnknownUnicorn15614419
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Ok friend, congratulations - the price is moving as you said) I tend to trust your opinion, but which SL should I use?
DeGRAM
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@TradingStat, You're welcome.

SL - 13891.6 bro.
Solldy
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I am ashamed that on February 15th I thought that this breakout was telling us about growth! I make sure U are a really cool trade once again!
DeGRAM
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@Solldy, Don't worry about it.

You are welcome.
TradingAlchemist
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it looks like you've put lot of work into this friend
DeGRAM
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@TradingAlchemist, The way it is.

Thanks.
TradingwThomas
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what makes you think it will drop down to that support line and not stop half way through somewhere?
DeGRAM
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@Thomasdebruijn2209, 1 - is the resistance line.

2- long growth until the moment of touch.
TradingwThomas
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should we be afraid to leave our position open over the weekend?
TradingwThomas
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and i might be wrong but i think there is a head& shoulder bull patern forming atm
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