US100 | DECISION TIME
US100 has been trading in a bearish trend after made a top of 16800. The price on daily time frame has reached to an important level. The same zone is confluence of multiple resistance.
1) Horizontal resistance
2) Falling Resistance
3) 200MA
4) 0.23 fib level retracement.
While on bulls side
1) the price has printed double bottom
The price has been trading with in a rectangle from last 3 months.
The bulls need to break above the rectangle for any further uptrend continuation.
While bears will be active at resistance zone
The bulls can show strong momentum at this confluence zone.
Manage your trades accordingly.
1) Horizontal resistance
2) Falling Resistance
3) 200MA
4) 0.23 fib level retracement.
While on bulls side
1) the price has printed double bottom
The price has been trading with in a rectangle from last 3 months.
The bulls need to break above the rectangle for any further uptrend continuation.
While bears will be active at resistance zone
The bulls can show strong momentum at this confluence zone.
Manage your trades accordingly.
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