Long
Possible long opportunity on US500
Possible long opportunity on US500 because...
1. It has been creating higher highs and higher lows.
2. Double top pattern, signalling bulls possibly entering.
3. Using RSI, it it oversold.
4. It is testing the 100 EMA on the daily chart.
5. Using FIB retracements, it is testing the 78.6 extension.
SL: 4525
TP: 4700
1. It has been creating higher highs and higher lows.
2. Double top pattern, signalling bulls possibly entering.
3. Using RSI, it it oversold.
4. It is testing the 100 EMA on the daily chart.
5. Using FIB retracements, it is testing the 78.6 extension.
SL: 4525
TP: 4700
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.