NASDAQ (US100) Shorting Opportunity
For the NASDAQ (US100), there are a few technical levels to keep in mind for the coming five days:
38% Fibonacci Retracement, 14,845
January’s Low, 13,717
Currently, the weekly bearish downtrend remains valid for the NASDAQ. Prices are beneath the 38% retracement and January’s low is in view. Here is a short trade idea:
1) Sell 14,855
2) Stop loss at 14,955
3) 1:1 risk vs reward, 100/100
38% Fibonacci Retracement, 14,845
January’s Low, 13,717
Currently, the weekly bearish downtrend remains valid for the NASDAQ. Prices are beneath the 38% retracement and January’s low is in view. Here is a short trade idea:
1) Sell 14,855
2) Stop loss at 14,955
3) 1:1 risk vs reward, 100/100
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