We all know Nas100 has been in a long term down trend, having been very bearish throughout the year. We believe price will reach 10500 level from this chart which is a 38.2% retracement on the bigger up move, before it makes a bullish reversal to the up-side. News on USD has been very positive lately, also being a fundamental boost for this move. SHORT US100. In the short term a breakout of the region happened with a 50% retracement reversal. SELL!!
Comment:
Reversal started before we hit target. Big reversal. Tomorrow is last day of month, we would have to exit depending on how market monthly candle closes and look for new opportunities. Stop loss triggered around the 12100 level.
Trade closed: stop reached