NAS100 Will Move Lower! Sell!

4月16日

Here is our detailed technical review for NAS100.

Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 18,546.2.

The above observations make me that the market will inevitably achieve 18,341.2 level.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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4月17日

交易結束：目標達成

That was an excellent trade and the target was reached too!