jojofang0901

NASDAQ Wait for confirmation sell setup this week

Short
OANDA:NAS100USD   US Nas 100

Hi everyone:

Also paying attention to NASDAQ for further downside movement.

Very similar like SPX , price action is showing us similar movement across the board.

the previous bearish impulse did not continue down further, instead price begin to form this ascending channel structure, correcting the price up.

Latest price action had a LTF pushdown, followed by a small correction. Good indication this is t he start of the next bearish run.

I would wait for price to continue lower and break out of the ascending channel structure, then look for LTF continuation correction to get in the sell.

Thank you
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Comments

what do you think now is clear a sell off for long ?
Reply
Great analysis!
Reply
Nice bearish set up
Reply
jojofang0901 Fisher_Fx
@Fisher_Fx, thx you
Reply
good chart! 🦐👍🏻
Reply
jojofang0901 plancton0618
@plancton0618, yours as well thank you
Reply
jojofang0901 trustingHare96067
Reply
Waiting for a sell signal. 🐻‍❄️🙏😊😃
Reply
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