George_Haykal

Possible long opportunity on US500

Long
CURRENCYCOM:US500   S&P 500
Possible long opportunity on US500 because...
1. It has been creating higher highs and higher lows.
2. Double top pattern, signalling bulls possibly entering.
3. Using RSI , it it oversold.
4. It is testing the 100 EMA on the daily chart .
5. Using FIB retracements, it is testing the 78.6 extension.

SL: 4525
TP: 4700
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