Next move for the NAS100

In the early phase of 2022, this security asset has been on a total downtrend till date. Printing clear lower lows and lower highs.

on my daily time frame analysis, i used a trend lines to find key support and resistance area. waiting for my trade entries, i kept some alerts on. each time my alert get triggered, i put on a trade using a good proper risk reward management.

nevertheless, the trend isn't over yet but will be soon. probably December this year.

its possible to join the trend, but i wouldn't recommend that for anyone. i totally disagree with fear of missing out.

Rather we wait for the next support or maybe a breakdown before going long or short.

This analysis is mainly for swing traders.

i had a lot of controlled emotions trading this trend because the trend lines together with my alerts did a whole lot of favor to my entries, AND i trusted my analysis.

thats my view for NASDAQ

If you have problems understanding how i trade this instrument, drop a comment below and ill break it down for everyone in my next post.

I hope this analysis help your trading style.