NASDAQ (US100) Shorting Opportunity
For the NASDAQ (US100), there are a few technical levels to keep in mind for the coming five days:
38% Fibonacci Retracement, 14,845
January’s Low, 13,717
Currently, the weekly bearish downtrend remains valid for the NASDAQ. Prices are beneath the 38% retracement and January’s low is in view. Here is a short trade idea:
1) Sell 14,855
2) Stop loss at 14,955
3) 1:1 risk vs reward, 100/100
38% Fibonacci Retracement, 14,845
January’s Low, 13,717
Currently, the weekly bearish downtrend remains valid for the NASDAQ. Prices are beneath the 38% retracement and January’s low is in view. Here is a short trade idea:
1) Sell 14,855
2) Stop loss at 14,955
3) 1:1 risk vs reward, 100/100
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.
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.