DLavrov
Short

Double Top and Divergence

FX:NAS100   NASDAQ 100 index of US listed shares
The market reached the resistance level and bounced. As a result now we have a double top chart pattern and bearish divergence formed by RSI . MACD also confirms down movement. We can think about opening short trades, if price breaks MA100. Entry level is below 4780 and stop is above the nearest swing high. Take profit orders can be placed near 4700 and 4650. If price bounces from MA100, probably we'll see up movement to the resistance level .
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MohanadMuteir
4 months ago
Perfect DLavrov and good job , waiting for that scenario .
Reply
DLavrov MohanadMuteir
4 months ago
Thank you very much!
Reply
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