Hello,
my scenario about US100 looks bullish here is why:
- bullish RSI divergence at H4
- demand level (D1 and H4 timeframe)
- oversold stochastics
- in general index is just very cheap and its nice opportunity to buy
I think it can achieve 14000-14200 in mid-term (15-20 days max.) but safest option will be take profits at 13300-13450 levels, it depends on your RISK tolerance and how much profit do you want to take from this trade. Personally I entered this trade at 13050 and 12950 and still I think it was good price to buy. We will see how it really is tomorrow. :)
Good luck everybody!
my scenario about US100 looks bullish here is why:
- bullish RSI divergence at H4
- demand level (D1 and H4 timeframe)
- oversold stochastics
- in general index is just very cheap and its nice opportunity to buy
I think it can achieve 14000-14200 in mid-term (15-20 days max.) but safest option will be take profits at 13300-13450 levels, it depends on your RISK tolerance and how much profit do you want to take from this trade. Personally I entered this trade at 13050 and 12950 and still I think it was good price to buy. We will see how it really is tomorrow. :)
Good luck everybody!