Nas100

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After trading into our key area at 15144.2 we are bearish on daily bias and trading below our 50 and 8 MA. We are looking to sell into the imbalance on H4 at 14902.0

Target 1 @ 14559.5
Target 2 @ 14355.0

Another important thing to observe is the break in market correlation on the 3 US major indexes (S&P500, Dow Jones and Nasdaq) if we see a break in market structure on the daily timeframe on all 3 majors, we may see continued selling pressure.

Anmerkung
Stop loss was hit. The 14804.4 order block acted as a strong support and was unwilling to continue lower.

-1.12%
Beyond Technical AnalysisTechnical IndicatorsTrend Analysis

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