Nasdaqtrader
Possible push down for NAS100After A strong Bearish push, price action is filling the inefficiency left behind. Price is currently testing the structure lows previous support. The bearish move and retracement is the 78.6% PRZ
Wait for your lower time frame play to enter. This is an over all counter trend trade, however this could have a nice quick move down to retest the Daily previous structure high area of 21,843
Daily Chart has a Bearish Divergence that is playing out.
**Caution** on the macro bullish trend, this recent pull back retraced back to the 23.6 lvl with a wick while "retesting" the previous structure high on the H4 time frame....Enter with caution.
ENPHASE ENERGY (ENPH) Short Play: Bearish Momentum Building!Technical Analysis:
Enphase Energy (ENPH) on the 15-minute timeframe signals a solid short trade setup. The price is moving steadily below the Risological dotted trendline, showing sustained bearish pressure with room for the price to descend further.
Key Levels:
Entry: 78.13
Stop Loss (SL): 85.38
Target 1 (TP1): 69.18
Target 2 (TP2): 54.69
Target 3 (TP3): 40.20
Target 4 (TP4): 31.2
5
Observations:
The price is consolidating near the entry, showing potential to test the lower targets.
The Risological dotted trendline continues to act as overhead resistance, indicating a strong bearish outlook.
Enphase Energy is positioned for a potential decline with all targets set. Traders should watch for a breakdown below TP1 to confirm continued bearish momentum and aim for deeper targets!