US100 ~ Nov-Dec Snapshot (4H Intraday)

26 нояб. 2023 г.

US100 chart mapping/analysis for last week of November.

TBC further details/write-up via ideas section, cheers.

29 нояб. 2023 г.

Заметка

US100 Write-up (29th Nov)

• US100 continues bullish consolidating much like US500 chart.
  
• Upper range ascending parallel (green) acting as resistance (for now).
  
• Pull-back to 78.6% Fib/S1 support line/200MA confluence zone aka "Return to Scene of (breakout) Crime" for sustainable rally into 2024.
  
• Overall bias is to the upside - however risk management, position sizing, stop-losses, etc = critical when any negative economic data release, Fed comment
  
• &/or geopolitical event is enough to trigger a broad market dump.
  

DYOR.