Waiting for the retest instead of chasing the initial sell keeps the risk cleaner. If that flip zone rejects with bearish displacement, it strengthens the case for continuation toward the 29,966 objective.
Yes, it hasn't. If price pulls up to react at the entry (30532), the next drop will want to aim for the break of that neckline at 30,100. I have SL at 30764. A break above that level invalidates the sell.
NAS 100- Trade Update Price missed my entry at 30532. now driving towards my first Exit price 30100. Second exit price is 29968. I had my invalidation level at 30,764.
The sells I was looking for happened. It missed my entry at 30534, SL 30766. The flip zone I was looking to sell from was a support that turned resistance on the lower timeframe. The rule is not only applicable on Higher timeframe structures.
NAS 100 Update The daily is closing bearish, despite not breaking below the double top neckline at the 30124-price level. I'll be expecting sell continuations tomorrow for price to revisit the neckline price level. Although on the D1 Line chart, the neckline has been broken, but on the 4hr, It has not. I'll still maintain my Initial Sell Entry: 30532, SL: 30764, and TP: 29966
