US100 Is Very Bearish! Short!

7 de jun.

Here is our detailed technical review for US100.

Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 19,056.1.

Taking into consideration the structure & trend analysis, I believe that the market will reach 18,811.5 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

8 de jun.

Nota

Great beginning for a trade, let’s hope it goes further!