NASDAQ 100 CONFLUENCE OF RESISTANCE TRENDLINE AND ZONE

The NAS100 chart has just confirmed a bounce down from the M15 channel's resistance trendline signalling a strong move to the downside. Price was also simultaneously rejecting the previous high's zone of 8700 Providing further confirmation. First take profit can be placed at 8650 and close the rest at 8615. Be prepared for a strong bullish move immediately after the drop or even before support is reached so keep trailing price with stop loss

Comment:

Double top formation in the 8700 zone👍