VasilyTrader

NASDAQ (NAS100USD) Breakout of Major Channel & Bearish Outlook

OANDA:NAS100USD   US Nas 100

hey guys,

NASDAQ has violated a support line of a major rising channel on 4H.
now the price retests the broken line and it will most likely trigger a strong selling reaction.

goals for sellers:
9350
9182

note that the structure high of February is now above and it serves as a key horizontal resistance.
it adds additional confidence in this forecast.

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