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Mihai_Iacob
Apr 21, 2021 4:41 AM

Nasdaq can drop 1000 points Short

US Nas 100OANDA

Description

Recently, Nasdaq made a new ATH and shortly traded above 14k zone. These proved to be false breaks for the technology index and we rolled back under.
At this point the price is 13755 and, if the bulls can't find the power to drive the price above 14k, we can assist a drop to next important support that lies at 12700
A sell close to 14k also has an incredible R:R of 1:10!!!!!!!
Comments
walt12go
That would be a hell of a trade off.
Mihai_Iacob
@walt12go, i will try it
I have sell limit at 13950:)
CobraVanguard
Wonderful analysis here
Mihai_Iacob
@T_V_TreeTrader, thanks
KlejdiCuni
That move is very likely to happen.
Mihai_Iacob
@KlejdiCuni, i think so too
MMBTtrader
strong resistance zone

thanks for sharing
Mihai_Iacob
@MMBTtrader, thanks for comm
MarcellusLUX
Nice analysis. Thanks for sharing
Zidan_Babels
Nice analysis
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