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DLavrov

NASDAQ The Falling Market

Short
US 100 Cash CFD (FX:NAS100)  
DLavrov  
FX:NAS100   US 100 Cash CFD
Trend Analysis Support and Resistance Technical Indicators nasdaq NASDAQ 100 CFD
56
3
trendanalysis supportandresistance indicator nasdaq nas100
The price drops below the cloud and from this moment we consider the market as bearish. ADX line rises and it confirms the strong downward movement. Based on these signals and a bearish divergence we can open short trades below 6400 level. Stop orders should be placed above the resistance level and the local swing high. Profit targets are 6000 and 5600 support levels.
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