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US100 | Short call based on fib levels

177
US100 continues it strong bearish trend, after a retracement of 0.618 fib level on recent swing. Price action continued the bearish trend, and passed through the support trendline, now testing the support trendline as resistance on 0.382 fib level. Considering the bearish primary trend, if the price action continues falling down, trade setup can be as following:


SL: 11303
Sell Stop: 11265
TP: 11199
EminantRise
Chart PatternsHarmonic PatternsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsHarmonic PatternsTrend Analysis
EminantRise

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.