NASDAQ topping pattern -- danger 2nd WAVE COVID & election

NDQ

• All three confirmations for price to correct below neckline of "incined" Head and Shoulders --
  
• Growing concern over fresh lockdowns hit travel sector hard while banks and oil price also suffer
  
• RSI nearing overbought 65 to 70 -- also on Right Shoulder
  
• The riots and unprecedented uncertainty concerning many national elections from NZ to USA coming in OCT and NOV into year end 2020
  

Look for first 4H red candle below the high close of the right shoulder to Scale into a Short position in NDX and other high Beta risk assets like AUDUSD and NZDCHF and GBPCHF

Zlecenie aktywne:

price nudging down right shoulder now towards all important neckline

Zlecenie aktywne

Transakcja zakończona: osiągnięto poziom stop