"Short Setup on NASDAQ" by ThinkingAntsOk
1H Chart Explanation:
- Price is on the Top of a Descending Wedge, on a minor Ascending Channel and against a Resistance Zone.
- Bearish Divergence on MACD.
- Price is against a Resistance Zone.
- If price breaks the Channel, it has potential to move down towards the Convergence Level (Support Zone + Bottom of the Wedge).
Updates coming soon!
- Price is on the Top of a Descending Wedge, on a minor Ascending Channel and against a Resistance Zone.
- Bearish Divergence on MACD.
- Price is against a Resistance Zone.
- If price breaks the Channel, it has potential to move down towards the Convergence Level (Support Zone + Bottom of the Wedge).
Updates coming soon!
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