US100 WAITING FOR CONFIRMATION!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
US100/NASDAQ, QUICK UPDATE
As we clearly see price is still overall bullish trading inside this big channel.
However, price recently broke above our resistance zone, so now it's acting as a support as well.
And as we can see price is still trading inside this range marked on the chart, then for the bulls to remain in control we need a break above the upper bound then a movement higher would be expected,
Till the next resistance zone where we will be looking for new bearish movements.
Unless price managed to break below the marked lower bound, which is a major swing low, then a movement lower would be expected, till the next rising trendline where we will be looking for new longs
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
US100/NASDAQ, QUICK UPDATE
As we clearly see price is still overall bullish trading inside this big channel.
However, price recently broke above our resistance zone, so now it's acting as a support as well.
And as we can see price is still trading inside this range marked on the chart, then for the bulls to remain in control we need a break above the upper bound then a movement higher would be expected,
Till the next resistance zone where we will be looking for new bearish movements.
Unless price managed to break below the marked lower bound, which is a major swing low, then a movement lower would be expected, till the next rising trendline where we will be looking for new longs
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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