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DLavrov
Apr 2, 2018 9:35 PM

NASDAQ The Falling Market Short

US 100 IndexFXCM

Description

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.
Comments
MRZF
and what about s&p and Dow?
marco1994
Are you still bearish today?
TheTrex
Will become a big H&S, still one more chance to get a good short!
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