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Forexintelligence_NA
Sep 15, 2021 9:07 AM

Nas100 structure has changed it will be bearish and rise again Short

US 100 IndexFXCM

Description

Traders, I just want to inform you that Nasdaq100 structure has changed and here is an update. At point X I expect it to fall to point A, the confluence zone respecting the falling channel. Point A will be a liquidity pool, because there the market will meet the diagonal support of the uptrend and the horizontal support. I expect more buying pressure at point A, pushing price higher at least to point B. At point B, we will examine the market more if it will make a new high or fall to point C.


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Comments
mshirleywu
Awesome..I am newbie..can you please explain if A breaks, why do you expect it to rise instead of drop continuation?
Trebor74
The moving average is somewhere there too !! good idea!

I guessed 15210 so far! But then I'll change it! lol
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