EURUSD: SELL 1.1600, SL 1.1620, TP 1.1480.
The market has begun to confirm the scenario under consideration. The rise, as expected, turned out to be corrective and took the form of a zigzag, where wave b formed as a converging horizontal triangle.
Immediately after this, selling activity intensified, pushing the price down effectively. Buyers attempted to correct the situation, but selling pressure remains sufficiently high, and ultimately this struggle will lead to further declines.
A momentum development is expected, which will become the third wave in a larger impulse, or wave C in a zigzag pattern.
In light of this, sell trades appear to be a promising trading solution.
Investment idea: SELL 1.1600, SL 1.1620, TP 1.1480.
BTCUSD: FLAT.
Bitcoin is under strong pressure. It failed to overcome the previously established local maximum, and the price has been sliding lower and lower.
This was expected, as the beginning of a correction wave (iv) of an upward impulse was anticipated.
The structure of this wave is not yet fully clear, so by default, the formation of a simple zigzag is assumed.
For this reason, the schematic expected price decline for the near term is depicted exactly like this.
In the future, the price will likely continue to move downward, but at some point it will attempt to rise.
Trading in this situation is not recommended.
Investment idea: FLAT.
NASDAQ 100: SELL 29000, SL 29150, TP 28200.
It seems the NASDAQ100 index is having trouble continuing its upward movement. The anticipated scenario failed to play out. Instead, the value moved in the opposite direction.
And now the situation looks bearish. At least one more impulsive downward price move will occur.
And then the situation could change drastically. If the index value drops sharply well below current local levels, we will need to consider a major downward scenario.
For now, it is advisable to limit ourselves to cautious selling at current market prices with the goal of updating the local minimum from September 2, 2026.
Investment idea: SELL 29000, SL 29150, TP 28200.