NAS has been falling in the past several sessions.
On the chart , the fib levels are drawn from the recent past swing high
to the swing low. An anchored VWAP is set at the swing high.
Price is currently just above the VWAP and the 0.5 Fib level.
These are both likely support for a reversal. I will look for volatility
and enter a long trade upon confirmation. MACD and RSI are both
showing bullish divergence ( Stop loss at the fib level
below the entry. Frist target is the upper band of the VWAP
and final target is the red line horizontal resistance)
On the chart , the fib levels are drawn from the recent past swing high
to the swing low. An anchored VWAP is set at the swing high.
Price is currently just above the VWAP and the 0.5 Fib level.
These are both likely support for a reversal. I will look for volatility
and enter a long trade upon confirmation. MACD and RSI are both
showing bullish divergence ( Stop loss at the fib level
below the entry. Frist target is the upper band of the VWAP
and final target is the red line horizontal resistance)
Trade closed: stop reached:
NAS100 fell through the fib levels and had a bad day like much of the
equities market
equities market