25-08-2022 _ Short Term Bearish Idea _ NASDAQ100 H4
1- Bearish Divergence followed by Convergence.
2- That presents a typical case of Consolidation /
Pullback followed by further continuation to the DOWN side.
3- It looks like pullback is happening right now.
4- Potential Hidden Divergence in the making suggesting a move DOWN.
Enter SELL by checking price action near R1, R2 and R3.
Targets are 38.2 and 50% Fibo. Retracements.
Stoploss @ 13752
2- That presents a typical case of Consolidation /
Pullback followed by further continuation to the DOWN side.
3- It looks like pullback is happening right now.
4- Potential Hidden Divergence in the making suggesting a move DOWN.
Enter SELL by checking price action near R1, R2 and R3.
Targets are 38.2 and 50% Fibo. Retracements.
Stoploss @ 13752
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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.