Nasdaq (US100) currently trading at 24662.
We reached a high at 24767 and from there got a rejection. Multiple reasons here now for a continuation to the down side.
Entry: In rising channel at current levels.
Stop Loss: 24702
T1: 24418
T2: 24072
I'm expecting to see a break of this rising channel soon, may get some retest of the upper line till then which are great entry points.
No trading advise, just my opinion. Have fun.
We reached a high at 24767 and from there got a rejection. Multiple reasons here now for a continuation to the down side.
Entry: In rising channel at current levels.
Stop Loss: 24702
T1: 24418
T2: 24072
I'm expecting to see a break of this rising channel soon, may get some retest of the upper line till then which are great entry points.
No trading advise, just my opinion. Have fun.
Note
Trade active
Trade Active - Opened Short position at 24654Note
Broke the channel, on it's way down now. We could potentially see a retest of the channels bottom line, but with that current power I guess that that won't even happen.
Note
Target 1 reached. Expecting maybe a small bounce but then continuation.
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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.