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Madtradex

NAS100 .. Expecting to move down

Short
US 100 Cash CFD (FX:NAS100)  
Madtradex Updated   
FX:NAS100   US 100 Cash CFD
Trend Analysis Technical Indicators Head and Shoulders Forex forexsignals forextrading forexanalysis nasdaq NASDAQ 100 CFD forextradingzones
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trendanalysis indicator headandshoulders forex forexsignals forextrading forexanalysis nasdaq nas100 forextradingzones
Yo traders,

With all the mixed messages about Trumps Covid situation the markets are in for a frenzy this week.

NAS looks like there is a possibility of forming a head and shoulders pattern. Price is presently at the 200 EMA and hence looks like to reject move up and then form the right shoulder to then move down.

Keep and Eye on NAS manage your risk and you can get in a good RR for this trade.

Lets wait and watch

Please like, comment and support

Thanks
Madtradex
Comment:
Price moved perfectly to presently form the top of the right shoulder
Lets see now if it breaks and falls from the present price
Comment:
Awesome to know when the price moves exactly as expected. Price moved up and then down to complete the right shoulder. Hope you caught the fall.
Price is presently correcting. I am expecting the price to move down further today once the market opens
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