OptimoomFX

Nasdaq100- Big drop is unavoidable

Short
OANDA:NAS100USD   US Nas 100
Nas100 is putting in Ath after Aths, but, if we look closely, we can see that they are marginal and slightly exceeding the previous.
In my opinion, we are in a huge distribution faze and a big drop is unavoidable
A drop under 14k would confirm my bearish outlook and open the door for 12500.
Sell the break is my strategy
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Comments

Along with the heavy fall in the stock market, we will also see a fall in the price of cryptocurrencies. is it right?
+2 Reply
OptimoomFX ahvazson
@ahvazson, yes, I also expect big fall there too
thanks for comm
Reply
I'm currently in a NAS buy but longer-term i agree that a drop is inevitable, as we can currently see with DowJones
+1 Reply
darbova darbova
@darbova, this is my bearish analysis for NAS done on the weekly timeframe, i see price heading down into that channel
Reply
Great analysis
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Thanks, it's very helpful!
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Never trust someone who spells phase "faze"
Reply
Great time to load this one!
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Great insights as always, mate ;)
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Excellent breakdown, well done. 😉
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