US NAS 100 ( NASDAQ) H1/H4 SHORTS
US NAS 100 MADE A DOUBLE BOTTOM ON 10 DEC AND 11 DEC RESPECTIVELY MAKING A NEW MONTHLY LOW @ 1220.0. PRICE MOVEMENT HAS BEEN IN AN UPTREND SINCE THEN BREAKING ALL PREVIOUS SUPPORT ZONES THAT TURNED RESISTANCE.
PRICE IS CURRENTLY TESTING RESISTANCE AT 12610 - 12620. IF PRICE BREAKS ABOVE THIS AREA, IT MIGHT LIKELY TEST THE 9 DEC HIGH @ 12676.2 PRICE REJECTION SHOULD OCCUR AROUND 12650 - 12680 WHICH WILL CAUSE BEARISH MOMENTUM TO BEGIN.
OVERBOUGHT CONDITIONS IN H1 AND H4. LOOK FOR SHORTS. PULL BACK IMINENT.
INSERT SELL LIMIT @ 12650 - 12670. SL @12691.9. TP1 @12580.3 TP2 @12530.5 TP3 @12500.5
PRICE IS CURRENTLY TESTING RESISTANCE AT 12610 - 12620. IF PRICE BREAKS ABOVE THIS AREA, IT MIGHT LIKELY TEST THE 9 DEC HIGH @ 12676.2 PRICE REJECTION SHOULD OCCUR AROUND 12650 - 12680 WHICH WILL CAUSE BEARISH MOMENTUM TO BEGIN.
OVERBOUGHT CONDITIONS IN H1 AND H4. LOOK FOR SHORTS. PULL BACK IMINENT.
INSERT SELL LIMIT @ 12650 - 12670. SL @12691.9. TP1 @12580.3 TP2 @12530.5 TP3 @12500.5
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