US100 Looking bearishFor a bearish prediction on US100 (Nasdaq) with a target of 1923 pips and a stop loss of 550 pips, consider the following:
Market Analysis: Look for key resistance levels that could indicate a reversal. Analyze recent price action, moving averages, and any relevant economic indicators.
Entry Point: Identify an optimal entry point based on technical analysis, such as a breakout below a support level or a bearish candlestick pattern.
Risk Management: With a stop loss of 550 pips, ensure that your position size aligns with your risk tolerance. It's crucial to manage your capital wisely.
Confirmation: Use additional indicators (like RSI, MACD, or volume) to confirm the bearish sentiment before entering the trade.
Monitor News: Keep an eye on economic news that could impact the tech sector, such as earnings reports or interest rate announcements.