US Nas 100Short
POTENTIAL SHORT OPPORTUNITY ON THE NAS100 (NASDAQ)
Updated
Hey everyone I hope you are having a blessed weekend so far! Just wanted to get on here and share a potential short opportunity I see on the NAS100 (NASDAQ) index! OK so let's dive in!
OK so on the higher timeframe I think it is fairly clear that price is sitting around all time highs for this index...now I DONT USUALLY try to short the stock/indices market very often but I see potential from that previous level of supply formed back in July of this year! We can see that price fell sharply and strongly from that level of formed supply, or seller area. However it makes sense for you!
SO what I am really looking for in the current and future price is how the buyers bring price into that level. If it comes very strong to that level that I would NOT be interested in trading it short since momentum=interest in the markets. What I mean is that the markets are like a receipt, the larger the order, the larger the order will appear on the receipt (charts).
Alright guys going to keep this one simple! Whatever technical confluences you use with your trading zones of course you should apply and always use good risk management.
Appreciate you all please boost post and follow my page for more accurate setups! Cheers! God Bless!
OK so on the higher timeframe I think it is fairly clear that price is sitting around all time highs for this index...now I DONT USUALLY try to short the stock/indices market very often but I see potential from that previous level of supply formed back in July of this year! We can see that price fell sharply and strongly from that level of formed supply, or seller area. However it makes sense for you!
SO what I am really looking for in the current and future price is how the buyers bring price into that level. If it comes very strong to that level that I would NOT be interested in trading it short since momentum=interest in the markets. What I mean is that the markets are like a receipt, the larger the order, the larger the order will appear on the receipt (charts).
Alright guys going to keep this one simple! Whatever technical confluences you use with your trading zones of course you should apply and always use good risk management.
Appreciate you all please boost post and follow my page for more accurate setups! Cheers! God Bless!
Note
This week we have seen some bearish pressures come in on the Nasdaq...could still see prices come up to supply before dropping. Just keeping eyes on the buyers and sellers strength and technical clues...cheers!Note
NASDAQ performing well to the downsideNote
Coming closer to supply zone...watching thisTrade active
Just came into supply few days ago and reacting to the absolute TNote
This is still something I am anticipating to occur. Price action clues showing me based on my edge that we will see some potential downside soon! 
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