DLavrov
Short

NASDAQ Bearish Divergence

FX:NAS100   NASDAQ 100 index of US listed shares
Let's try to catch down movement one more time. We have a resistance level and price reversal confirmed by RSI and MACD . We have bearish divergence formed by RSI and MACD . We have double top near a resistance level. Is it solid arguments for short trades? Of course, yes. Will it be a profitable trade? Well... several short trades based on such signals were closed by stop orders. But why not to try again? Entry level is below 4790. Stop order should be placed above the resistance levels and profit target will be MA100.
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