Here we've a VALID 2618 TRADE SETUP on NAS100 (100 index of US listed shares) that is close to the completion point. Market has put in LL's and LH's, giving us a good signal of POSSIBLE continuation of the DOWNTREND. We have a really nice 1 to 1 RISK to REWARD ratio for the 1st target. As labelled on the chart above, market DID NOT close above the highs of the 2nd pair of candles, that make up the LEFT SIDE of the . Thus, giving us a VALID . See the chart above for more details.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)