US100 NASDAQ Short for week 01 Nov, 2022
As per this years behaviors NASDAQ 100 is bearish for 3 month and bullish for one month. NASDAQ performed so good in past two week and made a good recovery around 0.7% in just previous week.
- It's previous week's candle shows break in bullish momentum and it also made two tops and two bottoms on 4H candle which is showing the defining pressure on index
- As per my calculation it should continue it's cycle of 3 month's bearish and must hit 10300 price level.
- It also broke the previous HL on 4h candle on 27th October
- As the price is near resistance level of 11701 I will short NASDAQ in this week below or 11601-11400 zone.
- current price is at 11430.00 which looks good to short the index.
Sell Zone: 11601-11400
SL: 12060.00
TP1: 11270.00
TP2: 11070.00
TP3: 10836.00
TP4: 10566.00
- It's previous week's candle shows break in bullish momentum and it also made two tops and two bottoms on 4H candle which is showing the defining pressure on index
- As per my calculation it should continue it's cycle of 3 month's bearish and must hit 10300 price level.
- It also broke the previous HL on 4h candle on 27th October
- As the price is near resistance level of 11701 I will short NASDAQ in this week below or 11601-11400 zone.
- current price is at 11430.00 which looks good to short the index.
Sell Zone: 11601-11400
SL: 12060.00
TP1: 11270.00
TP2: 11070.00
TP3: 10836.00
TP4: 10566.00
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.