USTECH100 HUGE RSI Divergence on Weekly chart
Hello,
We have a huge rsi divergence on weekly timeframe for USTECH100CFD that probably indicates us a retest of the support zone at the 14085 level.
The pattern that is configured is W with retest of the neckline, a healthy movement of correction that could subsequently lead to higher levels.
The operations that can be followed are 2 :
Short with take profit in 14085 area or wait for the market to retrace on the highlighted level to enter long in view of 15 K .
Be careful next 2 weeks is earning season for most tech companies.
Not a fianancial Advise.
For mentoring services, FX signals, Crypto, Indices and Stocks PM me.
Accepting Bitcoin , Ethereum , Doge & Safemoon.
We have a huge rsi divergence on weekly timeframe for USTECH100CFD that probably indicates us a retest of the support zone at the 14085 level.
The pattern that is configured is W with retest of the neckline, a healthy movement of correction that could subsequently lead to higher levels.
The operations that can be followed are 2 :
Short with take profit in 14085 area or wait for the market to retrace on the highlighted level to enter long in view of 15 K .
Be careful next 2 weeks is earning season for most tech companies.
Not a fianancial Advise.
For mentoring services, FX signals, Crypto, Indices and Stocks PM me.
Accepting Bitcoin , Ethereum , Doge & Safemoon.