NAS100 NASDAQ Technical Analysis and Trade Idea US100

Updated
👉🔍 In this video, we analyze the NAS100 index. It's evident that the NASDAQ has been showing strong upward momentum in a bullish trend. However, considering today is Friday, I anticipate a potentially sharp retracement with the US100. My strategy involves monitoring the 15-minute chart for signs of sideways movement and a potential reversal, which could present a selling opportunity targeting the previous swing low.

It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
Note
The target mentioned in the video was reached however price action never really shaped up to give us an opportunity to get involved, so this trade idea was abandoned. snapshot
Chart PatternsNASDAQ 100 CFDnas100analysisnas100ideanas100shortnas100signalnasdaqTrend Analysisus100us100analysisus100signal

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