Hi Traders
Todays analysis on US100, on the daily chart. You can see that price made a huge double bottom, made up from 2 separate double bottoms as ssen in the chart. This is a strong trend reversal, and leaves us open for a possible long swing trade. Price has made the double bottom and made the first push up, as you can see, the previous daily close gave us a strong engulfing going long, after 2 bearish sticks, signaling a retest of the double bottom pattern, which 9 times out of 10 will send you rocketing to confirm the market reversal
Todays analysis on US100, on the daily chart. You can see that price made a huge double bottom, made up from 2 separate double bottoms as ssen in the chart. This is a strong trend reversal, and leaves us open for a possible long swing trade. Price has made the double bottom and made the first push up, as you can see, the previous daily close gave us a strong engulfing going long, after 2 bearish sticks, signaling a retest of the double bottom pattern, which 9 times out of 10 will send you rocketing to confirm the market reversal
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Played out perfectly, lets see how much more we can go up
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This setup is still valid, there has been some market manipulation, but they should continue the climb
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Analysis still playing out like a dream