TheSignalyst

NASDAQ - US100 update and new sell setup

Short
CURRENCYCOM:US100   US 100
on H4: NASDAQ is currently sitting around our upper blue trendline so we will be looking for objective sell setups on lower timeframes.

on M30: NASDAQ is trading inside our orange channel but it is not objective yet, so we are waiting for a new swing to form around our lower orange trendline to consider it objective and sell on its break downward.

we also have a regular bearish divergence adding more confluence to our sell setup.

This analysis is done using RichTL
www.RichTL.com

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