NAS100 Medium Term Correction ahead
NAS100 made its move to the upside and touched the upper trendline of the channel.
We traded this market at the beginning of the week. Trade went BE, but it was kept on the watch, because the bigger picture is very likely to correct over the next Weeks/months.
Have a look at Daily chart to gain perspective.
- The 5-Waves are finished and a bigger correction should occur
- 1H Pinbar Sell Signal - Price action formed
- RSI Divergence at the end of wave 5
- Market opened with a gap which could lead to a daily island reversal candlestick pattern!
- Good R:R with short position.
We traded this market at the beginning of the week. Trade went BE, but it was kept on the watch, because the bigger picture is very likely to correct over the next Weeks/months.
Have a look at Daily chart to gain perspective.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.