US 100Short
NASDAQ Triangle rejected at the top. Bearish until broken.
Nasdaq is trading inside a Triangle pattern, which rejected the price on its top today.
As long as it holds, it is more likely to see a decline towards the 0.786 like both prior bearish legs.
A cross above the Triangle though, will be a bullish break out targeting the 2.0 Fibonacci extension.
Trading Plan:
1. Sell on the current market price.
2. Buy if the price crosses above the top of the Triangle.
Targets:
1. 21050 (Fib 0.786).
2. 22900 (Fib 2.0 extension).
Tips:
1. The RSI (4h) is testing its Rising Support trendline. A break confirms the bearish signal. A rebound, raises the chances of a Triangle break out.
Please like, follow and comment!!
As long as it holds, it is more likely to see a decline towards the 0.786 like both prior bearish legs.
A cross above the Triangle though, will be a bullish break out targeting the 2.0 Fibonacci extension.
Trading Plan:
1. Sell on the current market price.
2. Buy if the price crosses above the top of the Triangle.
Targets:
1. 21050 (Fib 0.786).
2. 22900 (Fib 2.0 extension).
Tips:
1. The RSI (4h) is testing its Rising Support trendline. A break confirms the bearish signal. A rebound, raises the chances of a Triangle break out.
Please like, follow and comment!!
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.