US Tech 100 IndexShort
USTEC SELL Monthly Structure Analysis and Trade Setup
The USTEC monthly structure on the daily timeframe is represented by OHLC, indicating a Sell Setup. We are currently waiting for a bearish TDI cross on the daily chart to confirm the presence of sellers in the market. Additionally, the candle formation at the high is an evening star pattern, which signals a potential reversal.
If the trade moves in our favor, I have identified three take profit targets:
1. First Take Profit: 18,485.24
2. Second Take Profit: 18,193.98
3. Third Take Profit: 17,958.57
Trade with caution. If you find this post useful, please like, follow, share, and leave a comment.
If the trade moves in our favor, I have identified three take profit targets:
1. First Take Profit: 18,485.24
2. Second Take Profit: 18,193.98
3. Third Take Profit: 17,958.57
Trade with caution. If you find this post useful, please like, follow, share, and leave a comment.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.