Short
Nasdaq / US100 Short
In the previous week, we saw a Nasdaq breakout to the upside on the daily chart, which led to a big breakout to the upside. As the week commenced, Nasdaq started to retest the upper and lower zones, creating a flat channel towards the end of the week. On Friday, Nasdaq false broke the flat channel to the upside, trapping a lot of buyers and then we saw it return to the channel after creating a higher low on the false break.
Nasdaq is now at a crucial zone, which will cause it to go to the lower side, retest our daily trendline and create a third touch and then ultimately fall towards the downside. My projected is around the 13k area. The first take profit area will be around 13500 and then our final area will be 13000. Our entry point will be confirmed once it breaks the projected zone.
Nasdaq is now at a crucial zone, which will cause it to go to the lower side, retest our daily trendline and create a third touch and then ultimately fall towards the downside. My projected is around the 13k area. The first take profit area will be around 13500 and then our final area will be 13000. Our entry point will be confirmed once it breaks the projected zone.
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.