Looking at out favourite index, it can be observed that some sort of a triangle pattern is being formed. We are expecting the price to break the structure to the upside and reach the target indicated on the chart🙌🏻
The price made a false breakout of the support line 13174.0. This line is the border of the ascending channel in which the price has been moving since October 2020. The breakout was stopped by the June 2020 support line at 12972.7. The price returned to the channel and continued to grow. I expect the price to rise to the resistance line 13681.7. And then it will...
price retested daily broken resistance. Next move bull market loading long term
Estimated entry around 13200
invalidation level 13100
short term target 13400
long term 14150
These are the levels that I shall be watching today.
My bias is to the downside for the start of the week, but obviously, with the amount of volatility possible with BTCUSD falling off, we could get all the downside and upside in one day.
For now, I'll just watch what price does before the US Open. If we take the upside out first, I will be very bearish the rest...
I expect the price of the index to rise for the following reasons:
1 - last week it bounced off support 12918.0.
This is the strong line of June 2020.
2 - breakdown of support 13324.9.
Also strong line June 2020.
3 - rollback and consolidation on this line.
Now I expect a rise to resistance.
Target - 13867.5.
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Share your opinion in the comments...
If price breaks above current trend change level longs will be valid to the next resistance and confirm the long term bull trend. Although in previous post the daily demand was doubtful it showed strong persistence in the last session.
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Us100 D1 Ascending Channel Trade
in us 100 price is moving in ascending channel and possibility price fall from the uper trend line of channel but i take entry from lower trend line because of falling wedge and lower trend line support and there were divergence also so +1.11 is locked and waiting for tp1 which is +6.15 and final target is +10.00 let's see whats happens
Looking for the continuation higher today.
Commodity prices are falling so their inflationary effect will be reducing - Fed is keeping rates unchanged for a long period of time. - US employment is way off from being 'full employment'.
On the NDX chart, the gap up was filled after the retail traders chased price higher on the open. The second dip into the close...
At the end of April, the price bounced off the resistance line of the ascending channel at point 14026.7. This line was formed in October 2020, at the same time the channel itself began. From the resistance line, the price fell to the support line 13190.6 and tried to break it, but the breakout turned out to be false. Now I expect growth. So my final target is the...
I have analyse it base on the trend, paten and i saw an indication of a upside movement in a lower timeframe so it's a 1:3 RS .
HAVE A BLESS WEEKEND FOX
Price has shown very little reaction on the previous daily zone. I am anticipating continuation of the downtrend even although we head a trendline breakout on H1 price remains bearish under the previous lower high. Next stop would be on the 2 daily support levels and most likely price will gap down next week.
All the best
Namaste
