Lingrid

US100 channel breakout and GROWTH

Long
CURRENCYCOM:US100   NASDAQ 100
The price bounced off the support line - the upper border of the ascending channel - 13857.6. It broke through this line at the beginning of this week after a strong rally from the support line - the lower border of the channel - 12789.2.

Let me remind you that this ascending channel itself has existed on the chart since October 2020 and is also part of a slightly broader uptrend formed in July 2020. After the breakout, the price returned to the channel in February 2021 and now it has broken through it again. I expect that from the 13857.6 support line the price will rise to the November 2020 resistance line 14173.4. This will be our goal.

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

Comments

Still uptrend or bearish at the moment ?
Reply
Excellent work.Keep it up
Reply
Lingrid CurtisTerry
@CurtisTerry, thank you a lot)
Reply
What happened to going short analysis.. you always opposite the market right ?
Reply
Lingrid Groggu
@Groggu, yesterday there was a sufficient amount of news that contributed to the fall)
there will be an update soon
+1 Reply
I am most grateful for your chart
Reply
Lingrid maxluk13
@maxluk13, thanks a lot)
Reply
Bravo friend.
Reply
Lingrid aleksich79
@aleksich79, many thanks)
Reply
Nice chart.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out