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Forexintelligence_NA
Aug 10, 2022 9:38 AM

NAS100 break and retest of structure| Short from key level! Short

US 100 IndexFXCM

Description

Hey my friends:)

Currently watching NAS100 and deciding where to get in with some shorts. #13070 to #13100 marks as a key level. NAS100 reacted at this level several times. I am short biased seeing that NAS100 printed a double top. The pull up we have just witnessed should just be to retest the broken structure (neckline). I anticipate NAS100 to fall from there to the rising trendline below.
We will look for selling opportunity after clear confirmation between 13070-13100 zone.

If you find this idea helpful please be kind to leave a like. If you have anything to add or comment please make use of the comment section below.

Trade smart!

Order cancelled

CPI came it and setup is no more valid
Comments
Forexintelligence_NA
What do you think of this idea?
FOREX30_
Hi , What is your new opinion about the Nasdaq index?
Forexintelligence_NA
@FOREX30_, Hi. Updating a new idea in a short moment.
FOREX30_
Riiv
I do believe it’s gonna go all the way up, I don’t see a good entry for for nas100 but since it correlates with us30 then I think it’s gonna head up. I do see a good entry on the us30 4day time frame for a possible buy. I know that market is unpredictable but I think us30, nas100, and s&p500 is gonna head up for a major buy… definitely keeping a close eye on these pairs.
Forexintelligence_NA
@Riiv, It is possible.
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