US100: ATH Retest

US100, Daily

In the Daily timeframe, US100 has formed a rising wedge pattern. The price reached an all-time high again, with the upper Bollinger line crossed. There was also a divergence formed on the MFI.

If the price breaks the 20700 resistance, the long-term bullish trend will continue to 22100;

A break of the lower trendline will start the bearish scenario to 19500;

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Egor Schmidt

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