Setup Type: Short Position
Entry: Around 25,650 (Resistance zone)
Stop Loss: 25,787
Target: 24,850
Analysis:
Price is retesting a key resistance zone after a strong impulsive move upward. A rejection from this level could indicate the start of a short-term correction. If bearish confirmation appears (e.g., lower high formation or bearish engulfing candle), short positions could be valid toward 24,850 support.
Bias: Bearish below 25,787
Invalidation: Break and close above 25,787
Hashtags:
#US100 #NASDAQ100 #PriceAction #TradingSetup #BearishSetup #TechnicalAnalysis #TradingView #SmartMoney #ShortTrade #Indices
Entry: Around 25,650 (Resistance zone)
Stop Loss: 25,787
Target: 24,850
Analysis:
Price is retesting a key resistance zone after a strong impulsive move upward. A rejection from this level could indicate the start of a short-term correction. If bearish confirmation appears (e.g., lower high formation or bearish engulfing candle), short positions could be valid toward 24,850 support.
Bias: Bearish below 25,787
Invalidation: Break and close above 25,787
Hashtags:
#US100 #NASDAQ100 #PriceAction #TradingSetup #BearishSetup #TechnicalAnalysis #TradingView #SmartMoney #ShortTrade #Indices
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.