NAS100 SHORT TRADE IDEA>We have a Rally-Base-Drop(RBD) Weekly Supply Zone coverage for the RBD Daily Supply Zone
>We have a high quality Leg-out(Imbalance) from Weekly TF an Explosive leg-out from Daily Supply
>Current Price has already broke previous Higher high
>US Election seasonality is down-trending for next week (Sept 23-27, 2024)
>S&P500 and Dow Jones are also going down but NASDAQ has a better structure and have a Supply Zone to take.
*Stochastic RSI confirmation (This is not a Timing tool, We always follow the Law of Supply and Demand): Stoch RSI is at Overvalued Zone, meaning price is looking for a Supply Zone to Drop the price.
Entry, Stop Loss(Entry zone plus -33%), Target(2R) is shown on the chart via Fib Retracement
Trade Safe