i) As we can see by my chart, The nasdaq 100 index could potentially be setting up for a short term selling opportunity if it bounces off of the resistance, however before thinking about shorting we must also consider the fact that Nasdaq has been bullish for a while now, therefor scalping shorts would be ideal.
ii) A buying opportunity will arise if it respects the minor support level, enabling bulls to scalp a quick Long trade, however we must always wait for confirmation candles before entering any positions.
Disclaimer : Please note that this is only an idea, however if you appreciate my analysis be sure to follow me and like my chart.
ii) A buying opportunity will arise if it respects the minor support level, enabling bulls to scalp a quick Long trade, however we must always wait for confirmation candles before entering any positions.
Disclaimer : Please note that this is only an idea, however if you appreciate my analysis be sure to follow me and like my chart.