Thank you!

I’ve entered a short position on NASDAQ based on a clear double top formation that developed yesterday. Several key factors lined up, providing a strong high-probability setup for this trade:

Negative RSI Divergence: Indicating weakening buying momentum and a potential reversal.

Lower Volume on the Second Top: Suggesting exhaustion in the upward movement.

Daily Candle Closure Within Threshold: Validating the structural integrity of the setup.

📊 Trade Plan:

– Risk-Reward (RR): 9.1
– Entry: 23,931
– Stop Loss: 23,178
– Take Profit 1 (50%): 22,453
– Take Profit 2 (50%): 21,969

The market structure suggests a bearish continuation, and with these signals aligning, this setup offers a favorable risk-to-reward ratio. We’ll monitor closely for any shifts in momentum or price action that could affect the trade.

The market context for NASDAQ100 remains clearly bullish. The most recent move has shown a solid recovery, pushing towards the upper boundary of the newly projected channel. This presents another excellent opportunity to enter the market.

At this stage, it’s likely we’re in the early stages of a new impulsive move to the upside. While we may see short-term consolidation or a slight pullback, the more probable scenario is a continuation toward the upper boundary.

Take Profit Levels:

• TP1: 24,300
• TP2: 24,600
• TP3: 25,000

The trend is intact, and as long as the price holds above key support levels, the bullish bias remains in play. Keep an eye on any price action that suggests consolidation before the next leg higher.