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Signal_Centre

NASDAQ - Selling a re-test of the broken channel

Short
US Nas 100 (OANDA:NAS100USD)  
Signal_Centre  
OANDA:NAS100USD   US Nas 100
Trend Analysis Chart Patterns Parallel Channel Technical Indicators tech100 techstocks nasdaq us100
2
0
trendanalysis chartpattern parallelchannel indicator tech100 techstocks nasdaq us100
Trade Idea

  • Broken out of the channel formation to the downside.
    Bespoke resistance is located at 7872.
    We have a 50% Fibonacci pullback level of 7878 from 7776 to 7980.
    We look for a re-test of the upward trending resistance.
    Expect trading to remain mixed and volatile.

We look to Sell at 7870
Stop: 7910
Target 1: 7760
Target 2: 7636
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