DLavrov

NASDAQ The Falling Market

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FX:NAS100   US 100 Cash CFD
The price drops below the cloud and from this moment we consider the market as bearish. ADX line rises and it confirms the strong downward movement. Based on these signals and a bearish divergence we can open short trades below 6400 level. Stop orders should be placed above the resistance level and the local swing high. Profit targets are 6000 and 5600 support levels.

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