NDX:
Date: 21 November, 2016
H4 Graph: Choppy/Medium term short
Price made 3rd lower high and break of the diagonal support, right after it stopped its long move below the longer diagonal resistance line. The price ended with Price Action signal.The tendecy might be tilted to the downside.
Price Action: Pin bar at horizontal resistance and forming lower high - possible signal for short
Alternative scenario: If the price moves higher again and passes above the previous high at 4,840 will cancel the scenario.
Technical Indicator:
DEM (14) - In the middle of the range
Price for Entry short around: 4,810
SL: 4,845
Jr. Trader - S. Fuchedzhiev
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