This is the NAS100/USD at an extreme high value area at the Bigger Double Top reaching all-time Highs. This may be acting as a False Breakout with a lot of the Equity Markets shaping up in similar fashion. This Larger Reversal Structure here is giving me a great indication of a potential Shorting Opportunity for the week ahead. If this does shape up, i will be...
Co nfluence on this trade:
1. Bullish Market Sentiment & Bias
2. Weekly 50 & 60 EMAs broke above and crossed the 200 & 250 EMAs
3. Double Bottom
4. Tweezer Bottoms - followed by bullish engulfing.
5. Low Test on Weekly Chart to end the week
6. MACD Divergence - Bullish
8. Daily Rejection of 50 & 60 EMAs
9. 4H Break and Re-test of Bearish trend...