Nasdaq At Perfect Area For Sell , Don`t Miss 500 Pips !
Here is My 8H NASDAQ Chart , and here is my opinion , we again @ 26200.00 With 4H Candle , first time this area forced the price to respect it and moved very good to downside more than 2300 Pips , now the price trying to retest this area again , i hope we can sell from the same area and targeting 150 : 400 pips , and we all know that this area are very strong and will push the price to downside even if we have any fake breakout , the price will go down again and give us at least 200 pips ,so we can sell now and targeting from 150 to 350 pips or if you want to be more safe you can wait if the price go up a little and then enter when the price touch the high area again . if we have a daily closure above this area this mean this idea will not be valid anymore .
Reasons To Enter :
1- Perfect First Touch For The Area .
2- Clear Bearish Price Action .
3- Bigger T.F Giving Good Bearish P.A .
4- Over Bought .
5- Perfect 30 Mins Closure .
6- Old Res