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Trading Signals for NAS100
Our analysis shows that the last 12 4-hour candles on NAS100 have formed a Triangle pattern and broken out through the pattern lines. This indicates a possible bearish movement towards the price level of 19514.8013.
Trading Strategy
- Technical Indicators: The trading strategy for NAS100 is based on the Triangle pattern breakout. Additionally, we are using the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators to confirm the bearish movement.
- Assets Correlation: NAS100 is correlated with other major stock indices such as SPX500 and DJ30. Traders can use the price movements of these assets to confirm the bearish movement on NAS100.
Economic Calendar Events
- Federal Reserve Meetings: Any announcements or decisions by the Federal Reserve regarding interest rates or monetary policy can have a significant impact on the price of NAS100.
- US GDP Report: The release of the US GDP report can also influence the movement of NAS100 as it reflects the overall health of the US economy.
By considering these factors along with the technical indicators, traders can make informed decisions when trading NAS100.
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