As per this years behaviors NASDAQ 100 is bearish for 3 month and bullish for one month. NASDAQ performed so good in past two week and made a good recovery around 0.7% in just previous week.
- It's previous week's candle shows break in bullish momentum and it also made two tops and two bottoms on 4H candle which is showing the defining pressure on index
- As per my calculation it should continue it's cycle of 3 month's bearish and must hit 10300 price level.
- It also broke the previous HL on 4h candle on 27th October
- As the price is near resistance level of 11701 I will short NASDAQ in this week below or 11601-11400 zone.
- current price is at 11430.00 which looks good to short the index.
Sell Zone: 11601-11400
SL: 12060.00
TP1: 11270.00
TP2: 11070.00
TP3: 10836.00
TP4: 10566.00
- It's previous week's candle shows break in bullish momentum and it also made two tops and two bottoms on 4H candle which is showing the defining pressure on index
- As per my calculation it should continue it's cycle of 3 month's bearish and must hit 10300 price level.
- It also broke the previous HL on 4h candle on 27th October
- As the price is near resistance level of 11701 I will short NASDAQ in this week below or 11601-11400 zone.
- current price is at 11430.00 which looks good to short the index.
Sell Zone: 11601-11400
SL: 12060.00
TP1: 11270.00
TP2: 11070.00
TP3: 10836.00
TP4: 10566.00