DLavrov
Short

NASDAQ Bearish Divergence

FX:NAS100   NASDAQ 100 index of US listed shares
We have to open short trades because:
- price reversed from the resistance level
- RSI confirms price reversal
- Double Top or Triple Top chart pattern
- Bearish Divergence was formed by Price and RSI
- MACD gives a signal for opening short trades
- ADX falls and allows open short trades
To my mind we have solid arguments for opening short trades. Don't you think so? Entry level is below 4785, stop order should be placed above the resistance level . The 1st profit target is MA50 and if price breaks this line, the 2nd profit target will be MA100.
Trade closed: target reached

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out