Considering the US elections outcome and especially Biden's slogans during his presidential campaign, strict enforcement for the complete quarantine of many US cities
we expect a massive drop in all indices ( incl. NAS100 ). Biden's tax announcements will also push indices lower ( and USD higher).
We have reached the top of a . Rejected it last week. Now we closed lower.
If the channel is breached, expect even further movement up ( long) - but I doubt.
Short is what is expected.
3 strategies on the chart - short, medium and long term (or TP1, TP2, TP3)
Good luck and do not forget:
nobody knows where it will go.
It is the risk management that makes money.