NAS100 Short

We are waiting to short NAS100

Taking a short at suggested entry will give;

Triple Top confirmation
High RRR (over 6.25)

Other factors in play;

Growing US-Sino tension (Tiktok situation / South China Sea / Chinese Journalists being forced out of America with China threatening retaliation)
Coronavirus is out of control in US

تعليق:

I have been doing some research on the saying 'triple tops rarely hold' (the basic idea is triple tops form against horizontal resistance, showing a market that builds momentum prior to breaching the triple top level).

Now, I still stand by my analysis, however in light of this and some lofty earnings etc. coming from tech stocks, im probably going to look to enter a little higher than the above chart indicates (perhaps 11100 area) - this will allow for better stop / RRR