PROGRESS ON THE NASDAQ SHORTS
NAS100 4H - Who watched this weeks Sunday Sessions video? If you did then you would know that I was looking to short this market this week and as you can see price has played out exactly as we had predicted.
A huge well done to anyone who got themselves in shorts this week with this market, I feel this bearish pressure is going to be here to stay, we may see some sort of correction initially before a further down move.
Now that price has broken structure on the 4H timeframe to the downside we have higher timeframe confluence to suggest further bearish structure, we should now be looking for areas of Supply to add to our shorts from.
The best thing we can do is look at the previous impulsive wave that broke the structure for areas of Supply, this is where price will pullback up and into to set a lower high before the new lower low.
A huge well done to anyone who got themselves in shorts this week with this market, I feel this bearish pressure is going to be here to stay, we may see some sort of correction initially before a further down move.
Now that price has broken structure on the 4H timeframe to the downside we have higher timeframe confluence to suggest further bearish structure, we should now be looking for areas of Supply to add to our shorts from.
The best thing we can do is look at the previous impulsive wave that broke the structure for areas of Supply, this is where price will pullback up and into to set a lower high before the new lower low.
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