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EnricoTrading93
Aug 21, 2020 9:24 AM
NAS100 4H Chart
Short
OANDA:NAS100USD
240
US Nas 100
OANDA
Description
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Aug 21, 2020 9:24 AM
We can see that the price have been following a bullish channel and proceeding forming consistent patterns. As a consolidation for our trade we can see the formation of a bearish harmonic pattern, as well as a bearish divergence on the MACD.
TP is set to 71.8 Fib
Trend Analysis
Harmonic Patterns
Comments
JoeTomorrow
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Aug 21, 2020 1:11 PM
On top of your analysis it has hit R2 on the weekly pivot and also divergence on the RSI - lots of factors saying start to sell!
EnricoTrading93
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Aug 21, 2020 1:36 PM
@PMagda, Yes it's a good sell. For now until the retracement...… If price confirm, it will be a buy probably next week.
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