Hello Traders, welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nasdaq is approaching a quite obvious weekly previous structure area exactly at the HKEX:13,500 area from which we could see a short term rejection. You can also see that we are currently quite overextended towards the upside on the weekly timeframe so I am now just waiting for a deeper retest of the weekly zone and then a short term correction towards the downside.
On the daily timeframe you can see that price action recently is very bullish so I am now just waiting for another push towards the upside and then I am waiting for some bearish rejection to short Nas100.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: