Here we can see clearly US100 is forming H&S Reversal Pattern + the clear Divergance on the RSI Indicator. I got my Entry Point (white line) and my TP1,2&3 ( golden lines).
Keep a close eye on US100 for a Perfect Setup, Happy PIP hunting traders.
I want to share my idea, I know it looks crazy but I have a strong strong feeling. I know that a single feeling can't change the market direction. But I don't know this feeling I have.... 72w will be folowed?
Last week Nasdaq showed price rejection at previous area of demand (Weekly). This week it rallied and close higher. Drop-Base-rally formed on weekly chart, trend reversal confirm only after it breaks 15412 level. Price will continue to rally for the week and if it did broke 15412 level we can expect price to reach 15600 level.
MACD bullish crossover might assist in further upside price potential.
First of such a crossover since 24 August 2021.
Upside price potential supports the bullish trend.
Also a high likelihood of a mean reversion trade as the price action is at the lower range of the linear regression channel pattern.