US100/Nasdaq has been very bearish, and it quite likely could continue to do so.
I have spotted a deeper retracement and have also managed to spot out the end of an Elliot wave sequence, highlighting a reversal.
Price has also given us a third touch on the supporting trendline and we could expect a more dramatic reaction in a longer term perspective.
Price finding support and reversing in these areas could also form a double bottom, which is a bullish reversal pattern.
We should wait for bullish structure to start forming on the 4H first then long.
Price may retrace of reverse
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CURRENCYCOM:US100
I have spotted a deeper retracement and have also managed to spot out the end of an Elliot wave sequence, highlighting a reversal.
Price has also given us a third touch on the supporting trendline and we could expect a more dramatic reaction in a longer term perspective.
Price finding support and reversing in these areas could also form a double bottom, which is a bullish reversal pattern.
We should wait for bullish structure to start forming on the 4H first then long.
Price may retrace of reverse
Make sure you follow to stay updated👍
CURRENCYCOM:US100
Idee correlate
🐂US30 Long
WAR_ON_FOREX
about US30