NASDAQ 🔍 Market Overview:
Instrument: US Tech 100 (NASDAQ 100)
Timeframe: 15 Minutes
Current Trend: Short-term downtrend, indicated by the descending trendline connecting recent lower highs.
📉 Trade Setup (Short Position):
Entry Point: 22,700
Price has broken below the trendline and a horizontal resistance zone around 22,750–22,770, confirming bearish pressure.
Stop Loss: 22,770
Placed just above the previous resistance and trendline. A break above this level would invalidate the downtrend structure.
Target: 22,070
This level aligns with a previously tested demand/support zone, offering a logical take-profit area.
📊 Risk/Reward Analysis:
Risk: ~100 points
Reward: ~640 points
Risk-to-Reward Ratio: 1:6, which is excellent and indicates a high potential reward relative to the risk.
📌 Technical Observations:
Trendline: Clearly established downtrend with lower highs.
Breakout Confirmation: Price rejected from trendline + horizontal resistance = confluence zone.
Volume & Momentum (not shown but advisable to check): Traders should confirm the breakout with increased selling volume or bearish momentum indicators (e.g., RSI dropping below 50 or MACD crossing down).
✅ Conclusion:
This is a well-structured short (sell) setup with:
Clear trendline rejection,
Defined entry, stop loss, and target,
A favorable risk-to-reward ratio.
