• Aug 21, 2024
  • Trade ideas

US100: Ascending Channel

US100, H2

US100H2.png

In the H2 time frame, US100 navigates within an ascending channel and aims to breach below the lower border of the pattern. The Momentum oscillator crosses the 100-line, potentially indicating a bearish momentum.

  • If the price rebounds from the 19500 support, US100 will rise to 20500 resistance;
  • A breaching below the 100 Fibonacci ratio will drop the price to 18720 support.
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Author: Timur Yurdagyul