Topped-out
NAS100 - Short the Trendline Retest / 25% GAINS !!!-NEW author on TradingView
-2+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering crypto/US stocks
NAS 100 1d: BEST level to SHORT 25% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NAS 100 1d chart review / outlook
::: small bounce possible right now
::: likely setting up for a bigger move downwards by rejecting major resistance 12000 USD
::: however short-term I recommend to focus
::: on selling HIGH from confirmed resistance
::: key resistance: 12000 USD
::: key support level: 9000 USD
::: recommended strategy: SHORT IT 11500-12000 USD
::: SL 12500 USD TP 9000 USD
::: good luck traders
TROUBLE JUST AHEAD BEAR PHASE T he major market index is the only index in the world to reach a new all time high and now has a double top . THE NYSE HAS HIT THE LONG TERM DOWN TREND LINE NEAR MY TARGET 13010 TO PEAK ON 4/8 AT 12970 . BUT THE XMI SEEMS TO BE TELLING ME THAT THE SECOND HIGH THIS WEEK IS THAT OF A WAVE B TOP WAVE A TIMES 1.618 = WAVE C FORECAST AND IT BOTH TARGETS A PERFECT .382 PULLBACK LOW DO NOT BE LONG TILL MAY LOW