NASDAQ Trading Idea

We saw a good down movement. Price broke MA50 and now it moves lower. Short trades, which had to be opened based on Bearish Divergence and Double Top reversal pattern, give good profit. So, what's next? I think we have to look at price action near MA100. It will be good reversal zone and after bouncing price we'll see movement in the same direction as the main trend. We'll have good entry levels based on daily and hourly charts with targets near 4800. If price breaks MA100, we'll have to search entry levels for short trades with profit targets near 4200 level.