On the other end, We have seen twice testing of the descending trend line structure and has finally broken down yesterday back into the structure itself. It might of course be a false break before price go up again. However, with the rounding top than a typical sharp retracement, it gives a profile of consolidation zone before going to the real trend (short)
For those yet to have short on a higher region, we should be able to see NAS100 testing 15400 or even to 15500 level again before pushing down to lower low. The retracement will allow larger money flow to offload their longs while adding more shorts.
Trade active
Trade active
we are nowhere near our TP levels, but this is going down real fast with fed news to hold interest rate. at the same time, you should be earning good swaps. I have two f shorts entered at 15400 and 15500 respectively. Enjoy the processTrade active
Almost hit our TP1 but pullback. continue to hold short positions due to good swaps everyday..
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didn't managed to hit our TP and pull back came up. Redrew upper boundary channel good place to short sell more as 4hr hit BB upper boundary and overbought in RSI.Trade active
2nd trade taken at 14310 channel might just respected. keep stacking for positive swapsTrade active
sorry should be 15310, we are reaching 500 points mark quite sure we have more downward pressure to go.Trade active
we are close to 1000 points, while still earning positive swaps with 2 trades. do continue to holdTrade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.