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FXFiboForex Fibonacci Chart
NAS100DailyBearish

Nasdaq 100 daily (SMC): sell the 28770–29000 zone

FXFibo editorial · · 1 min read
Summary

The daily structure in Nasdaq 100 is bearish: a bearish break of structure (BOS) at 28841, with price now around 27916. The 28770–29000 area is the main sell zone.

BiasBearishEntry zone28880Stop loss29600Target 126900Target 226273StatusActive
Invalidation: Daily close above 29542
Nasdaq 100 daily (SMC): sell the 28770–29000 zone

Main scenario

  • Entry zone: 28770–29000 (around 28880)
  • Stop: 29600
  • Targets: 26900 and 26273
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A daily close above 29542 invalidates the main scenario and opens the way to 29542.

Key levels

  • Resistance: 28770, 29046, 29542
  • Support: 27782, 27328, 26273

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.