FUNDAMENTALS: Considering the US elections outcome and especially Biden's slogans during his presidential campaign, strict enforcement for the complete quarantine of many US cities we expect a massive drop in all indices ( incl. NAS100). Biden's tax announcements will also push indices lower ( and USD higher).
TREND ANALYSIS: We have reached the top of a trend line. Rejected it last week. Now we closed lower.
If the channel is breached, expect even further movement up ( long) - but I doubt. Short is what is expected. 3 strategies on the chart - short, medium and long term (or TP1, TP2, TP3)
Good luck and do not forget: nobody knows where it will go. It is the risk management that makes money.