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
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