Fellas, NAS is in a sound Bullish trend and has just made a new High on 4h timeframe. There are three reasons I think the Index is gonna go down:
1. Bearish Divergence on RSI (Spans almost a month)
2. Formation of HH (DOW Higher High)
3. Candlesticks: Bearish Pin bar on 4hr timeframe, and Shooting Star on 1d timeframe
Entry: 17864
SL: 17968
TP: 17655
Note: Today is CPI day. Remember, the direction of the move is unpredictable, the market may move against this trade plan and make a new High. Take the trade as per your Risk Management plan.
~ All the Best
1. Bearish Divergence on RSI (Spans almost a month)
2. Formation of HH (DOW Higher High)
3. Candlesticks: Bearish Pin bar on 4hr timeframe, and Shooting Star on 1d timeframe
Entry: 17864
SL: 17968
TP: 17655
Note: Today is CPI day. Remember, the direction of the move is unpredictable, the market may move against this trade plan and make a new High. Take the trade as per your Risk Management plan.
~ All the Best
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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.