US 100 Cash CFDShort
NAS100 17.03.2022
Considering the volatile nature of the index and the uptrend for three days, its time for a retracement?
It seems that the signal for reversal/retracement are obvious. However, there is a concern when looking at the past prices, resistance and support levels of previous days. These levels play an important psychological factor that governs decision making, so if a retracement takes place it will probably have a volatile path and Stop Losses too close to open prices will be compromised.
It seems that the signal for reversal/retracement are obvious. However, there is a concern when looking at the past prices, resistance and support levels of previous days. These levels play an important psychological factor that governs decision making, so if a retracement takes place it will probably have a volatile path and Stop Losses too close to open prices will be compromised.
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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.