US100 Will Move Higher! Buy!

2024年1月16日

Take a look at our analysis for US100.

Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 16692.3.

Taking into consideration the structure & trend analysis, I believe that the market will reach 16904.9 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

2024年1月19日

交易結束：目標達成

That was an excellent trade and the target was reached too!