Nas100short
Sell #sp500 at 3377 with 3 tp for reach the minimum of 3256Sell #sp500 at 3377 with 3 tp for reach the minimum of 3256 this market is a big bubble may it will come to take psy level at 3400 and a bit more but take this trade with low leverage and keep it
the plan to secure the gain and TO NOT LOST if come from buuble to capitalisation is:
- when reach target 1 make you stop lost at 10 pts down your entry level so at 3366 and do the same for each target + or - 10 pts from target or entry point,like a trailing stop bvut you do it manually
i think it can go to psyu level to 3400 and a bit more or made tradfer think it iwll go and just 5_10 poitns before made a reversal
i think about the 30 000 poits on dowjones too that Trump had told about
the market up only because election and this far not reflet the value of companie
you look at the 2018 earning and 2019 earning and you compare to the level of sp500,nasdaq,dowjones right now its totally amazing especially in this szhould be risk off mood ,but not because central bank inject cash near every day,but one day reality will back,i prefer be in now thatn waiting a selling signal and to miss more than 1000 pts becausez the selling signal will be like when pass my target 3 so you can imagine target 4,target 5 ect..till 3100 minimum if it starty to enter in bear market
NASDAQ NEXT MOVE PREDICTIONI Believe NAS is going to fall first creating a lower low, we broke ascending channel this morning, institutional bankers will be looking to short before we make a new HH, Cornona virus is still very much in play, WHO has stepped in to send experts to China to evaluate the epidemic further, buying at this level is just not worth the risk to reward ratio.
Technical analysis wise we are in a symetrical triangle, which means up, but the 9450 resistance is simply too strong. We have never broken that area.
NAS100 M30 ANALYSISHello traders, we currently have a short setup for NAS100 on the M30 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.