I can see a few thing happening on Nas100
Looking for long opportunities
We currently printing the right shoulder of a inverted H&S pattern on the 4hrTF.If we break the neckline Ill enter a trade too
13k/13.5k Where Ill also be looking for Short opportunities at those levels too.
Looking for short opportunities
If the right should doesnt breakneck line and we show weakness we could see a M pattern printing and the price dropping back to test the 11700 low @ the 50% retracement a push further down. If a daily close below 11700 we could see
us heading towards 0.681 FiB |@ 10500.
This is just my idea. My Opinion
As we know we currently in a bear market. Volatility is off the charts and anything can happen at anytime. Its up to us to manage our risk properly and look for the best opportunities available.
Patience is the name of the game.
GLHF
Looking for long opportunities
We currently printing the right shoulder of a inverted H&S pattern on the 4hrTF.If we break the neckline Ill enter a trade too
13k/13.5k Where Ill also be looking for Short opportunities at those levels too.
Looking for short opportunities
If the right should doesnt breakneck line and we show weakness we could see a M pattern printing and the price dropping back to test the 11700 low @ the 50% retracement a push further down. If a daily close below 11700 we could see
us heading towards 0.681 FiB |@ 10500.
This is just my idea. My Opinion
As we know we currently in a bear market. Volatility is off the charts and anything can happen at anytime. Its up to us to manage our risk properly and look for the best opportunities available.
Patience is the name of the game.
GLHF
Comment:
Hope you all got in the trade when we saw rejection at resistance level 12.5k.Currently waiting for the 4 hr close.. A 4hr close below 11.7k we will continue down to level 10.5k. If we have rejection at this level and a clear bullish candle we will enter a long pos. to level 12.5k where we will short again.. Currently still in a sell from 12.4k waiting for 4 hr to exit