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Nas100short

NAS100 - Short Other than the fragile state of the current global economy, I am only using very basic analytical tools such as H&S, Double Top and Rising Wedge. These coupled with recent ATH's give me enough indication that the edge is in favour of a decline rather than another rally. NAS100 is a fickle beast so I could be way off, however it has been a while since I've posted so I thought I'd give it a crack. I haven't entered yet, however I have setup an alert for the top right shoulder, where I'll be watching closely to see if it's likely to make one last push towards 8,000, or if the drop will begin. If it does drop, I will wait for confirmation by way of break of the neckline and big red pin bar. Appreciate all comments, feedback and varying opinions. Please make any criticisms as constructive as possible! Thanks :)
OANDA:NAS100USDShort
by RobClarke2e
2
NAS100 - Indices Trading | Elliott Wave Structures | Q2 2019*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. NAS100 - Elliott Wave Outlook Bearish Swings - Patterns: Complex Flat in Cycle Wave (IV) (green) Primary W (purple) - Zig-Zag Primary X (purple) - Complex Triple Three Primary Y (purple) - Simple ABC Swing Bullish Swings - Patterns: Bullish Impulse in Primary 1 (pink) Intermediate (1) (green) - Impulse Intermediate (2) (green) - Complex Correction Intermediate (3) (green) - Bullish Extension Intermediate (4) (green) - Sharp Correction Intermediate (5) (green) - Extended Ending Diagonal Next expected swing: Bearish sequence in Primary (2) (pink) Structure change: Breach of the lower trend-line could lead towards Primary (2) (pink) already unfolding.
OANDA:NAS100USDShort
by EW4X
6