sophia715
Short

Divergence Channel

FX:NAS100   NASDAQ 100 Index
109 views
10
109 1
-divergence
-channel and resistance/support level confluence
-ONLY if breaks below both of the above, countertrend
-
Comment: no movement, 10 pts in both directions.
moving the S/R rectangle, price is closing at resistance.

bullish scenario:
will be one of those evenings (asia/europe) where I will watch how price reacts to that rectangle... i.e. floats/tests above it could trigger the setup for 5750 5th wave. (resistance has become support)

the key is how price reacts tonight... sideways typically bad for a bear case.
https://s3.amazonaws.com/tradingview/sna...
channel is still holding prices high.. uff... this could ignite the Short on SP500 as well.
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