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USTECH100 HUGE RSI Divergence on Weekly chart
U
US Tech 100 CFD
Short
USTECH100 HUGE RSI Divergence on Weekly chart
By IllyrianTrader
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Jul 19, 2021
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Jul 19, 2021
Hello,
We have a huge rsi divergence on weekly timeframe for
U
USTECH100CFD
that probably indicates us a retest of the support zone at the 14085 level.
The pattern that is configured is W with retest of the neckline, a healthy movement of correction that could subsequently lead to higher levels.
The operations that can be followed are 2 :
Short with take profit in 14085 area or wait for the market to retrace on the highlighted level to enter long in view of 15 K .
Be careful next 2 weeks is earning season for most tech companies.
Not a fianancial Advise.
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Chart Patterns
Harmonic Patterns
Technical Indicators
NASDAQ 100 CFD
nasdaq
nasdaq100
NASDAQ 100 E-MINI FUTURES
nq100
ustech100
USTECH100CFD
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