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Vincepadarius
Aug 17, 2019 8:54 AM

NAS100 Long - short term trade Long

US Nas 100OANDA

Description

This is my first chart with an idea of what I think the NAS100 is doing in the short term, thoughts?

Trade closed manually

I took profits as it seemed like we were losing steam, see below image. It looks like we may be forming a double top on the 1 hour. It seems like it's overbought on the RSI if we get a strong red close on the 4 hour we could see then top of the Ichomoku cloud / the 61.8 on the daily fib from the 8000 level.

On the daily it looks like it's just reached the top of the icho cloud, if it breaks free of the cloud we will see higher, but I think it will reject and we will test the 7630 and then ultimately 7500, possible sub that, to complete the murders M that is forming on the 1 hour.
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