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US Nas 100
Short
Updated

SHORT OPPORTUNITY ON NASDAQ (Rejection from 6 mth trendline)!

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Bulls have been taking over the bears for the past few sessions, NASDAQ has got a nice rejection from a 6 months trendline. There may be an opportunity for an exhaustion/correction phase following a huge move upwards. This is a LOTTO trade and risk should be tight on this trade, in case the bulls take over again. It may retrace anywhere around the 50% level of the move on the upside.
Note
If we see a trendline break on the upside, I am anticipating a huge move on the upside.
Note
Taking profits over here, it has retraced back more than 50% and has found strong support at 61.8% level. Hope you guys caught it!
wendys_trde
Chart PatternsDOWdowjonesNASNASDAQ 100 CFDUS NAS 100nasdaqnasdaq100NASDAQ 100 E-MINI FUTURESS&P 500 (SPX500)Trend Analysis

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.
Chart PatternsDOWdowjonesNASNASDAQ 100 CFDUS NAS 100nasdaqnasdaq100NASDAQ 100 E-MINI FUTURESS&P 500 (SPX500)Trend Analysis
wendys_trde

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.