This morning with my students we spotted a very bearish setup on US100.
The price reached a key daily structure. Analyzing the reaction of the price to that on lower time frames, we spotted a double top formation on 1H. Our confirmation to short is its neckline breakout. We need an hourly candle close below 12850. Target will be 12688.
If the price sets a new high, the setup will be invalid.
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