Findings: 1) Dow Theory Previous HH broke possibly will make new HH. 2) Cup and Handle breakout neckline breached. 3) Bullish Flag Formation Hight point breached. 4) History: In correction phase never goes sides ways, always makes V shape recovery in Daily Time Frame. Analysis: Strong Buy Call, Buy on Dips Trade Plan: ENTRY 13002 STOPLOSS 12460 TARGET 1...
VELOCITY:USTEC almost completing AB=CD pattren at higher time frame and it is a reversal sign for us tech 100 ,so it must reverse from here other wise if breaks last low than can be sell out at retesting.
Us tech 100 can bounce from this level to mentioned level for short term period.
USTECH100CFD $USTECH100CFD Long Scalp. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.