DLavrov
Short

Super Bearish Divergence?

FX:NAS100   NASDAQ 100 index of US listed shares
Just another try to catch down movement. RSI and MACD have formed a super bearish divergence which is not the perfect but any way it's rather interesting. If price bounced from this resistance level , we could have more reliable signal for short trades. ADX makes every new high lower then previous and it's a signal that bulls are not so strong now. So, we have good confirmation for opening short trades. Entry level is below 4735, stop order should be placed above 4755 and 1st profit target is 4705 - it's near support level . If price breaks MA100, we can think about 2nd target near 4600 support level . If price continue up movement, the next reversal zone can be near 4800             and it will be a new trading idea.
Trade closed: stop reached
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