Nasdaq US100 Short position analysis
Updated
Nasdaq US100
- On the weekly timeframe a pullback on the bearish 14RSI will lead the nasdaq to continue the downside.
- With a weekly bearish engulfing candle, will be targeting 1st the resistant level or the 0.786 FIB.
- for a 2nd target will be targeting the 55DMA or the 0.618FIB after with SL at entry.
- good luck and use risk management.
- On the weekly timeframe a pullback on the bearish 14RSI will lead the nasdaq to continue the downside.
- With a weekly bearish engulfing candle, will be targeting 1st the resistant level or the 0.786 FIB.
- for a 2nd target will be targeting the 55DMA or the 0.618FIB after with SL at entry.
- good luck and use risk management.
Trade closed: stop reached
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