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Outside_The_Box_NZ

NASDAQ topping pattern -- danger 2nd WAVE COVID & election

Short
US 100 Index (TVC:NDQ)  
Outside_The_Box_NZ Updated   
TVC:NDQ   US 100 Index
Chart Patterns Technical Indicators Fundamental Analysis riskoff nasdaq NASDAQ 100 CFD ndxshort NASDAQ 100 CFD Equity riskaversion highbeta Stocks
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chartpattern indicator fundamental riskoff nasdaq ndx100 ndxshort ndx equity riskaversion highbeta stocks
NDQ

  • All three confirmations for price to correct below neckline of "incined" Head and Shoulders --
  • Growing concern over fresh lockdowns hit travel sector hard while banks and oil price also suffer
  • RSI nearing overbought 65 to 70 -- also on Right Shoulder
  • The riots and unprecedented uncertainty concerning many national elections from NZ to USA coming in OCT and NOV into year end 2020
Look for first 4H red candle below the high close of the right shoulder to Scale into a Short position in NDX and other high Beta risk assets like AUDUSD and NZDCHF and GBPCHF
Trade active:
price nudging down right shoulder now towards all important neckline
Trade active
Trade closed: stop reached
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