NAS100 is halfway to the target of a 1:10 , and has successfully breached the first obstacle to the previous highs. im waiting on a retest of this broken h4 zone, and if price finds some nice support, i'll be entering a second position to SELL it all the way down to the daily highs
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Idea for Nas today, approaching key level of resistance and retest region, in line with fundamentals surrounding a strengthening dollar and likely selling of Tesla today after the Tesla news yesterday. Will be waiting for rejection to get a good entry.
Simple charting makes opportunities easy to spot. Looking for Nas to continue it's downward momentum today and create its low of the day between 2:30 and 4, once the low has been creating and there is some reaction around the level shown, I will be looking for an entry.
This is my first go of publishing anything please be kind and constructive
Bearish divergence .
the chart pattern is mirroring that of before the big drop at previous ATH .
the 0.236 Fib line is exactly at the previous ATH so i think that it would be a likely retracement and TP for this idea