Short sell Nasdaq

Jul 19, 2023

The index is exhibiting the bearish divergence on the hourly timeframe. It is already quite extended and is also now forming dark cloud cover candlestick pattern which is a bearish pattern. There is also a resistance here on the daily charts. All put together looks like a good short sell.

Jul 20, 2023

Trade closed: target reached

corrected more than 2% since the post. Always good to take some profits and then look to enter again later.