THE LIGHT IS GETTING CLEARER
At this point things are getting clearer and clearer. Nasdaq100 is revealing its next possible move. As I stated in my previous analysis (follow the link below) that Nas100 is at a resistance of the rising channel and it has two ways (but it has to choose one way), either continue rising, ignoring the resistance, (hahahaha!) or respect the resistance of the rising channel and fall. We waited to see further developments around the resistance, now at this point it is becoming clear that Nas100 is preparing for a beautiful fall. The past days we witnessed two highs being printed and failed to continue higher. Not only did we witness new highs, but high lows are being printed as well, which to me shows that bears are showing their muscles too. If Nas100 continues to develop as depicted on this chart forming a new high and bulls fail to push price further and further then I assume it will be over for Nasdaq100, at least for 2021. Maybe we can start preparing for a beautiful crash. But when will that happen? Only time will tell.
What I present here is merely an idea, what lies ahead no man knows. We will only know when the time arrives. Right now we need to wait or maybe catch those short swing highs and lows with caution. Again, we mustn't expect things to run perfectly as illustrated here, this is just an illustration, mine and my bias for this is bearish in the days to come. If something changes, well, we adjust accordingly.
In short, I do not fully know at what time and how Nasdaq100 will fall. What I do see is there is high probability that it is going to collapse, yes, for a healthy correction.
Maybe you should tell me your thought on this. I will be glad to know. Feel free to drop it in the comment section below.
Also do not forget to leave a like, it does matter a lot. Otherwise happy trading!
At this point things are getting clearer and clearer. Nasdaq100 is revealing its next possible move. As I stated in my previous analysis (follow the link below) that Nas100 is at a resistance of the rising channel and it has two ways (but it has to choose one way), either continue rising, ignoring the resistance, (hahahaha!) or respect the resistance of the rising channel and fall. We waited to see further developments around the resistance, now at this point it is becoming clear that Nas100 is preparing for a beautiful fall. The past days we witnessed two highs being printed and failed to continue higher. Not only did we witness new highs, but high lows are being printed as well, which to me shows that bears are showing their muscles too. If Nas100 continues to develop as depicted on this chart forming a new high and bulls fail to push price further and further then I assume it will be over for Nasdaq100, at least for 2021. Maybe we can start preparing for a beautiful crash. But when will that happen? Only time will tell.
What I present here is merely an idea, what lies ahead no man knows. We will only know when the time arrives. Right now we need to wait or maybe catch those short swing highs and lows with caution. Again, we mustn't expect things to run perfectly as illustrated here, this is just an illustration, mine and my bias for this is bearish in the days to come. If something changes, well, we adjust accordingly.
In short, I do not fully know at what time and how Nasdaq100 will fall. What I do see is there is high probability that it is going to collapse, yes, for a healthy correction.
Maybe you should tell me your thought on this. I will be glad to know. Feel free to drop it in the comment section below.
Also do not forget to leave a like, it does matter a lot. Otherwise happy trading!
Idées en relation
