Nasdaq US100 Short position analysis
Updated
Nasdaq
- On the Daily timeframe price is rejecting from the bullish trend with confirmation of daily bearish engulfing candle.
- A Sellstop after breaking the resistance level will be targeting the 0.5FIB Key level or the 100MA
- A clear bounce out of the 14RSI from Resistance level to target the support Level.
Note : for longer target i will hold short positions till 0.236 FIB (11142.00~11152.00)
- On the Daily timeframe price is rejecting from the bullish trend with confirmation of daily bearish engulfing candle.
- A Sellstop after breaking the resistance level will be targeting the 0.5FIB Key level or the 100MA
- A clear bounce out of the 14RSI from Resistance level to target the support Level.
Note : for longer target i will hold short positions till 0.236 FIB (11142.00~11152.00)
Trade closed: stop reached
Analysis Hit Stoploss
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