US 100 Presenting fall tendencies.
analysis on 4h timeframe reveals that US 100 is currently on up trend. On the 21st july it hits the resistance line for the fist time and on the following day it formed the second horn to confirm a double top, consequently on the 25th of the same month it retested just close to the neck of the double top at 12474 since the its been falling. a fibbonacci covering its movement from the 22nd to 27th reveals that after reaching the price of 12044 the preice went up and formed a 1,2,3 formation at 38% line. For now lets wait the new york session to comfirm my theory.
analysis on 4h timeframe reveals that US 100 is currently on up trend. On the 21st july it hits the resistance line for the fist time and on the following day it formed the second horn to confirm a double top, consequently on the 25th of the same month it retested just close to the neck of the double top at 12474 since the its been falling. a fibbonacci covering its movement from the 22nd to 27th reveals that after reaching the price of 12044 the preice went up and formed a 1,2,3 formation at 38% line. For now lets wait the new york session to comfirm my theory.