Nasdaq100 Top Down Analysis..
It’s a new week, first of all—I just want to say.. “what was that range that lasted for two weeks?”. Annoying!
Anyway, We got a break finally. For this week, I want to believe the bears have a plan because they seem to be in charge, for now.
The monthly TF: It’s a new month. We got a new candle and there’s still a week that needs filling. Listen, Nasdaq100 doesn’t leave wicks. So, If the wick fills, We should be having an 11609 reach. The bears break past that.. Then 10804. However, anything above 12414 will be a “bull” call.
The Weekly TF: A downtrend consist of LHs and LLs. There’s a LH and we are approaching a previous LL. A break below and the bears go for that 10804. Keeping it simple there..
The daily TF: Much more defined but pretty much the same. A bullish divergence caused the uproar last week. The bulls were not strong enough and the bears returned. A triple top and bearish divergence are my go-tos for now.
Furthermore, The 4h and 45 minutes will be a daily observation..
It’s a new week, first of all—I just want to say.. “what was that range that lasted for two weeks?”. Annoying!
Anyway, We got a break finally. For this week, I want to believe the bears have a plan because they seem to be in charge, for now.
The monthly TF: It’s a new month. We got a new candle and there’s still a week that needs filling. Listen, Nasdaq100 doesn’t leave wicks. So, If the wick fills, We should be having an 11609 reach. The bears break past that.. Then 10804. However, anything above 12414 will be a “bull” call.
The Weekly TF: A downtrend consist of LHs and LLs. There’s a LH and we are approaching a previous LL. A break below and the bears go for that 10804. Keeping it simple there..
The daily TF: Much more defined but pretty much the same. A bullish divergence caused the uproar last week. The bulls were not strong enough and the bears returned. A triple top and bearish divergence are my go-tos for now.
Furthermore, The 4h and 45 minutes will be a daily observation..
