We see NAS pulling back to a well respected 4 hourly level, and also a zone where we have previously seen am influx of buyers.
This current pullback is formation of the 4th wave, before we see the final wave 5 push to the upside, where buys can be entered into.
We will be looking for wick entries at the 8455 level as shown, where we could likely see an influx of long positions.
Entries can be found on the 15m chart.
Remember to trade with appropriate risk management.
Happy trading!
This current pullback is formation of the 4th wave, before we see the final wave 5 push to the upside, where buys can be entered into.
We will be looking for wick entries at the 8455 level as shown, where we could likely see an influx of long positions.
Entries can be found on the 15m chart.
Remember to trade with appropriate risk management.
Happy trading!