Hey, traders. Thank you for the comment and boost.
Today's chart is US100. Let's check it quickly.
We can see
1. the descending channel
2. resistance on 12100.00
3. support on 10400.00
We should check
Thursday - US Core Durable Goods Orders, US 4Q GDP, US Initial Jobless Claims, US New Home Sales
Friday - ECB President Lagarde Speaks, US Core PCE Price Index, US Pending Home Sales
We can expect
1. downward movement by resistance on 12100.00
2. upward movement to 12900.00 by breaking descending channel
By support on middle line of the descending channel, the price had jump up to top line of the descending channel.
It looks like a chance to have short position.
But we should know if the price breaks the resistance on 12100.00, the price will rise to 12900.00.
So, let's see if the price can breaks that resistance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is US100. Let's check it quickly.
We can see
1. the descending channel
2. resistance on 12100.00
3. support on 10400.00
We should check
Thursday - US Core Durable Goods Orders, US 4Q GDP, US Initial Jobless Claims, US New Home Sales
Friday - ECB President Lagarde Speaks, US Core PCE Price Index, US Pending Home Sales
We can expect
1. downward movement by resistance on 12100.00
2. upward movement to 12900.00 by breaking descending channel
By support on middle line of the descending channel, the price had jump up to top line of the descending channel.
It looks like a chance to have short position.
But we should know if the price breaks the resistance on 12100.00, the price will rise to 12900.00.
So, let's see if the price can breaks that resistance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
