Hi, everyone, I'm so glad to see you guys here.
Let's see how US100 chart is like and what's favorable trade.
We can see
1. Breaking away short-term descending channel
2. bottom line of ascending channel supported the ascending
We expect
1.Top line of short-term descending channel support
2. 2nd line of ascending channel line will be resistance
3. If 2nd won't be broken through, we can expect bottom line for support which will be overlapped for 3 support lines.
Hope this insight is helpful. Let's see how it works.
Let's see how US100 chart is like and what's favorable trade.
We can see
1. Breaking away short-term descending channel
2. bottom line of ascending channel supported the ascending
We expect
1.Top line of short-term descending channel support
2. 2nd line of ascending channel line will be resistance
3. If 2nd won't be broken through, we can expect bottom line for support which will be overlapped for 3 support lines.
Hope this insight is helpful. Let's see how it works.
