Outside_The_Box_NZ

NASDAQ topping pattern -- danger 2nd WAVE COVID & election

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Outside_The_Box_NZ Atualizado   
TVC:NDQ   US 100 Index
NDQ

  • All three confirmations for price to correct below neckline of "incined" Head and Shoulders --
  • Growing concern over fresh lockdowns hit travel sector hard while banks and oil price also suffer
  • RSI nearing overbought 65 to 70 -- also on Right Shoulder
  • The riots and unprecedented uncertainty concerning many national elections from NZ to USA coming in OCT and NOV into year end 2020
Look for first 4H red candle below the high close of the right shoulder to Scale into a Short position in NDX and other high Beta risk assets like AUDUSD and NZDCHF and GBPCHF
Trade ativo:
price nudging down right shoulder now towards all important neckline
Trade ativo
Trade fechado: stop atingido

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