VasilyTrader

Nasdaq-100 Index (US100) Classic Bearish Setup

Short
CAPITALCOM:US100   US 100

Nasdaq Index reached a peculiar confluence zone based on a horizontal daily resistance and 0.5 retracement of the last bearish impulse.

The price formed a double top formation, testing that on an hourly time frame.
Its neckline is now broken.

The market will most likely drop to 11260

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