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.
As we clearly see price is still overall bullish trading inside this channel from a short term perspective.
However, price is still around a strong resistance zone, where we will be looking for new bearish reversal setups.
And for the bears to kick in we need a new swing low to be formed around the rising trendline as shown on the chart, then a break below
Until that price is still bullish, and price can still trade higher.
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!