Nicklaus68

NAS 1hr bear signals

Short
Nicklaus68 Updated   
OANDA:NAS100USD   US Nas 100
1hr MACD cross and BB sell signal + OBV bear signal at noon. The black dash is the 3wk bull TL supp, getting broken. Guess it's going back for test of 14930 volume shelf. Right now it's at local POC as well
Comment:
A closer look at the Rising wedge break on 5th wave extension. The new ATH met resistance at a TL and made a lower high.
Comment:
Upside is 15500 max, but 15350 more likely.; I'm not heavy short, but have a small SQQQ position $8.04
Comment:
50% retrace from up move. Either up to test bull TL again or down to test the low and bear TLs. 15150 the bull test.
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.