NAS100 Is Bearish! Short!

2024年8月29日

Please, check our technical outlook for NAS100.

Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 19,538.92.

Taking into consideration the structure & trend analysis, I believe that the market will reach 19,107.96 level soon.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.

Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!

2024年8月30日

注释

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