Hey guys,
Its been a while since I have traded this bad boy of an index as my focus has been on synthetics trading them as much as possible.... But having a look at the good old OG index of NAS100, I see a very possible sell down to the marked level.... This seems to be an important and much needed pullback before bullish continuation on the chart. Lets see if we catch this move correctly!
The 0.382 level has been marked out on the FIB retracement tool as I believe we could see between a 0.2 - 0.3 retracement before continuation. It also marks out a major level tested on the one hour and created through multiple movements.
Remember, if this structure is broken, we stay away from what is shown and wait till it tests or creates levels which will be significant.
LETS MAKE SOME LOOT!!!
Its been a while since I have traded this bad boy of an index as my focus has been on synthetics trading them as much as possible.... But having a look at the good old OG index of NAS100, I see a very possible sell down to the marked level.... This seems to be an important and much needed pullback before bullish continuation on the chart. Lets see if we catch this move correctly!
The 0.382 level has been marked out on the FIB retracement tool as I believe we could see between a 0.2 - 0.3 retracement before continuation. It also marks out a major level tested on the one hour and created through multiple movements.
Remember, if this structure is broken, we stay away from what is shown and wait till it tests or creates levels which will be significant.
LETS MAKE SOME LOOT!!!
Trade closed: stop reached