Ustec100
NASDAQ: Bloodbath ..?Prices seems like approached strong Demand Zone
at 12200 and also trapped in Bullish Flag inside
another Bullish Flag. We might see some retracements
from current Demand zone but NASDAQ is already entered
in Bearish Trend.
So better to look for Short Entries.
Proper Shorts entries will be active after breaking 12000
critical zone. Once Broken, look for retest and take entry.
Keep in mind the current Fundamental impacts
including Russia- Ukraine war, interest rates,
inflation also we've got chances of RECESSION
up ahead.
🔜S&P500: "NO COMMENTS"🔔 Proposed deal for this tool 🔔:
🔴Entry Point - 4637.6
⛔️Stop Loss - 4679.3
✅Take Profit - 4554.3
Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Nasdaq100 is targeting 16300 ahead of FOMC rate decisionNasdaq100 is targeting 16300 ahead of FOMC rate decision later today
🔍 Technical expectations:
🔹Bulls successfully violated the September 2021 high and for sure Nas100 is extending to 16300.00 psychological level which is also the high timeframe resistance of the rising channel.
🔹More to this, bulls will strongly defend the violated September 2021 high and it will take another big battle for bears to push price down below 15700.00
🔹As price is send to the resistance of the rising channel, we can expect more bearish pressure to the downside which will in turn challenge the September 2021 high at 15700.00 psychological level.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below 👍
Many wishes and trade smart!
Nas 100 AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.