Nasdaq100 Big Picture Short Monthly Resistance:
First, there is now big and strong Resistance and I expect the price imminently to drop under 14,500, if you look at the highs of months 2-3-4 of 2022, we are there now + the trend line of the 2 must-high prices at top.
Second, the price structure of the last Rally that we see now should make a down movement now according to the history of this symbol and how he acts.
Even if he gonna do a new high first and from here a down movement should come.
Also dont forget the Fed says that by the end of the year, he expected a recession.
There are few options to out in a profit, see photo.
the less risky one is to close 90% on take profit 1 and move stop loss to zero.
First, there is now big and strong Resistance and I expect the price imminently to drop under 14,500, if you look at the highs of months 2-3-4 of 2022, we are there now + the trend line of the 2 must-high prices at top.
Second, the price structure of the last Rally that we see now should make a down movement now according to the history of this symbol and how he acts.
Even if he gonna do a new high first and from here a down movement should come.
Also dont forget the Fed says that by the end of the year, he expected a recession.
There are few options to out in a profit, see photo.
the less risky one is to close 90% on take profit 1 and move stop loss to zero.