Is it ripe to sell USTech100? | New perspective for the week

Zaktualizowano
From a technical perspective, I have identified a simple setup in the form of a trend continuation pattern where there is the possibility of either a breakout or rejection of this trendline to send price, either way, this new week.

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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Zlecenie aktywne
Outlook on the 15-minute timeframe:

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Good morning
Zlecenie aktywne
Running just as expected: I am locking in some profit

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Zlecenie zamknięto ręcznie
I was taking out of my selling position with some profit. So, I am looking for another selling opportunity. Price action is been monitored to see where this retracement will end

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Good morning
Zlecenie aktywne
With multiple rejections evolving into what looks like a reversal pattern; Are we going to see a selling opportunity below the $13,000 area in the nearest future?

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A breakdown/retest of the $13,000 could be the selling continuation I have been looking for in the last 24 hours
Uwaga
For the sake of clarity; this is the bearish trendline on the daily timeframe

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If a successful breakout of this level to the upside happen then I will be waiting at the $13,200 bus stop for selling opportunity.
Zlecenie aktywne
Price is back at where it started this week and with multiple rejections of this zone; I am of the opinion that price is about to continue in the direction of the prior leading price action.

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Good morning
Zlecenie aktywne
Its over 350pips in profit; locking some profit

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Zlecenie aktywne
It's over 400 pips in profit. I am locking in some profit and extending my TP to $12,500. Depending on how the market structure plays, I intend to extend my TP accordingly.

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Good evening
Zlecenie aktywne
THIS IS MY TRADE FOR THE WEEK!
Over 1,200pips in two trades

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Well done, good night, and a blissful weekend!
618 Fibonacci RetracementChart PatternspriceactionreversalpatternTrend Analysistrendcontinuationpatternsustechustech100USTECH100CFD

Trade smart. Trade consciously
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