Either I take a short at one of the three risk/ratio positions depending on what price NAS100 gives. My entry will be on the 15 min time frame.
Position 1: Based on 50EMA rejection on 15 min chart AND "50% PULLBACK FIB"
Position 2: Retest of resistance and possible 200EMA on 15 min chart. 200EMA will have moved closer to resistance.
Position 3: TP at previous low which is also 50EMA on daily chart.
The Head and Shoulders pattern motivates me for a short so is the fundamentals regarding FED news on interest rates, unemployment soaring and the COVID-19 possible second wave since there are spikes based on easing of the economy.
Position 1: Based on 50EMA rejection on 15 min chart AND "50% PULLBACK FIB"
Position 2: Retest of resistance and possible 200EMA on 15 min chart. 200EMA will have moved closer to resistance.
Position 3: TP at previous low which is also 50EMA on daily chart.
The Head and Shoulders pattern motivates me for a short so is the fundamentals regarding FED news on interest rates, unemployment soaring and the COVID-19 possible second wave since there are spikes based on easing of the economy.