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US 100
Short

Nasdaq-100 Index (US100) Bearish Outlook Explained

By VasilyTrader
snapshot

Nasdaq reached a key daily supply zone last week.
The market was rejected heavily from that.

Analyzing a 4H time frame, I spotted a confirmed bearish reversal:
the price formed a double top pattern and closed below its neckline.

The index may drop soon to 12279 / 12058

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Candlestick AnalysisDouble Top or BottomdowjonesindexesMultiple Time Frame AnalysisNASDAQ 100 CFDnasdaqnasdaq100NASDAQ 100 E-MINI FUTURESus100US30
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