chazabasil

NAS 100 weekly analysis

Short
OANDA:NAS100USD   US Nas 100
NAS 100 weekly analysis on a daily chart. The market structure is on a down move, which means that the market is bearish. The price is closer to the resistance trendline. If the current counter trendline holds the price will push up to challenge the resistance level but if it doesn't hold the price will move down. The best option is to wait for a breakout before taking a trade.

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