NAS100 Is Bearish! Sell!

Short

US 100 Cash CFD (PEPPERSTONE:NAS100)

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PEPPERSTONE:NAS100 US 100 Cash CFD

trendanalysis chartpattern waveanalysis nas100 short sell trading currency forex forecast swing signals

Take a look at our analysis for NAS100.

Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key horizontal level 18063.0.

Considering the today's price action, probabilities will be high to see a movement to 16988.7.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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Commentaire:

Great beginning for a trade, let’s hope it goes further!

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