NAS100 bearish outlook and possibility of selling opportunity!
What's up everyone!
The week is ending! Hope everyone had a great week.
This will probably be my last trade for the week. I will be waiting for NAS100 to rise to my point of interest. Between 11896.48-11986.66 I will look for selling opportunities and my first target will be around 11633.73.
If price break below 11560.00 then price will reach down to another key level at 11430.00 which will eventually attract more selling pressure and the market retesting the 16 June 2022 low in the coming days will be highly possible.
I will pay attention to U.S economic data to be released later today which some of these are Retail sales and Consumer sentiment data.
If the fundamental and technical outcomes meet my expectation, I will look for trading opportunities, if not I will rather wait until next week for clear market direction.
Yesterday we had some good buy and sell opportunities that we caught. Congratulations to everyone that followed these on Tradingview and in my public channel.
I wish everyone a wonderful weekend.
Trade Smart.
Please support this idea with likes and comments. Thanks
The week is ending! Hope everyone had a great week.
This will probably be my last trade for the week. I will be waiting for NAS100 to rise to my point of interest. Between 11896.48-11986.66 I will look for selling opportunities and my first target will be around 11633.73.
If price break below 11560.00 then price will reach down to another key level at 11430.00 which will eventually attract more selling pressure and the market retesting the 16 June 2022 low in the coming days will be highly possible.
I will pay attention to U.S economic data to be released later today which some of these are Retail sales and Consumer sentiment data.
If the fundamental and technical outcomes meet my expectation, I will look for trading opportunities, if not I will rather wait until next week for clear market direction.
Yesterday we had some good buy and sell opportunities that we caught. Congratulations to everyone that followed these on Tradingview and in my public channel.
I wish everyone a wonderful weekend.
Trade Smart.
Please support this idea with likes and comments. Thanks
Order cancelled:
The market broke above the May 2022 trendline.
