Fellas, NAS is in a sound Bullish trend and has just made a new High on 4h timeframe. There are three reasons I think the Index is gonna go down:
1. Bearish Divergence on RSI (Spans almost a month)
2. Formation of HH (DOW Higher High)
3. Candlesticks: Bearish Pin bar on 4hr timeframe, and Shooting Star on 1d timeframe
Entry: 17864
SL: 17968
TP: 17655
Note: Today is CPI day. Remember, the direction of the move is unpredictable, the market may move against this trade plan and make a new High. Take the trade as per your Risk Management plan.
~ All the Best
1. Bearish Divergence on RSI (Spans almost a month)
2. Formation of HH (DOW Higher High)
3. Candlesticks: Bearish Pin bar on 4hr timeframe, and Shooting Star on 1d timeframe
Entry: 17864
SL: 17968
TP: 17655
Note: Today is CPI day. Remember, the direction of the move is unpredictable, the market may move against this trade plan and make a new High. Take the trade as per your Risk Management plan.
~ All the Best