NAS POSSIBE SHORT
Updated
We have a few confluences as for selling
1. Break of strong upward trendline and now creating resistance.
2. 3rd touch of descending trendline.
3. Showing rejection wicks at 78.6(my golden zone)
Nasdaq has been bullish most of 2020, by the looks of it we could have a bearish run for the start of 2021
This trade our TP will be around 2500 pips and risking only 250 pips.
1. Break of strong upward trendline and now creating resistance.
2. 3rd touch of descending trendline.
3. Showing rejection wicks at 78.6(my golden zone)
Nasdaq has been bullish most of 2020, by the looks of it we could have a bearish run for the start of 2021
This trade our TP will be around 2500 pips and risking only 250 pips.
Trade active
Trade closed manually
Closed out trade in 1900+ pips in profit!
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.