NAS100....Continued Retracement for HL Setup

This week is very interested for a number of reasons; one of them being the fact that the monthly candle will expire before the weekly candle and as such careful analysis will need to be done in order to capitalize on the correct moves.

I have updated my bias once again to a sell as the retracement move still has not been finished as the H12 - H23 timeframes, need a break and confirmation for the HL point they signaled this morning.

As a result of this we saw the price going up today and facing a rejection at the close of the New York session.

Now because we cannot buy from a high point and the biggest timeframe to make a type of High was the H11 with a confirmed LH, we now have to sell to create a segmented Low on the H11 timeframe.

Of course, I have to wait for my confirmations for the needed highs before taking the sells which should start during the London session so no rush.

My TP is going to be at my 61.8% retracement or .61.8% extension levels if you use the H2 buy or sell fibs.

As always:

1. Trade what you see
2. Do your own analysis
3. Be patient
4. No setup, No trade

#auberstrategy
#aubersystem
#whywewait
#patience
#zigzagtheory

Trade active:

So the market did in fact make the ATH...all the more confirmation for my sell Bias.

1. The start of a new monthly
candle.

2. All timeframes are at highs or
HH's.

3. The lower timeframes have started the process of the direct moves from their
ATH's

#patience
#auberstrategy
#aubersystem
#whywewait

Trade active:

This could very well be a major sell for the following reasons:

1. All timeframes coming for
Historical highs

2. Larger timeframes currently
forming double tops

3. Starting of the march candle
with 28 clear days to go before
expiration.

4. Weekly completed a retest
made HH (not a new HH)

It will be interesting to see the type of lows created by each timeframe.

I have held my sell overnight, but will evaluate based on how the lows are forming.

Remember the Zig Zag principle:

1. Where there is a Zig...there
needs to be a Zag

2. Where there is a Zag...there
needs to be a Zig

The market just completed Zig points on all timeframes.

Zag points are required and are fair game.

Remember...you cannot continue to buy from a HIGH.

Trade wisely
Do your own analysis
No setup = no trade

#auberstrategy
#aubersystem
#whywewait
#patience
#zigzagtheory

Trade active:

Please note that I am not doing analysis on my lower timeframe...just highlighting current execution pattern.

The M3 just confirmed the first points of the London session...

They are LH's LL's

Price is now back below last night's entry.

Entry = 18048.3

updated TP = 17324.4 (H1 support)

Extended TP = 17256.4 (110% Fib level...very rare but possible)

Original TP = 17617.6 (This was assuming no ATH was made)

Just remember...in order for price to make another HH...It must go back to at least a HL...(See Zig Zag Theory concept)

You cannot continue a buy from a high position.

You sell from Highs (retracement)
You Buy from Lows (Trend move)

Enjoy the trade guys...

#auberstrategy
#aubersystem
#whywewait
#zigzagtheory
#patience

Trade closed: target reached