We are currently in our indecision zone on NAS and we are waiting to see what it decides it wants to do.
*React dont Predict!*
Even as an index, it still follows market stucture very well. We have identified a key level in the demand area.
We can can see for the last 3 days or so, price being respected in this zone.
Now that price has left the demand area, into the indecision area we want to wait to see if price will continue upward back to the supply in previous days or if we will see a midweek reversal and price fall from the indecision area back to the demand zone.
Buy limit @11378
SL 11335
TP: 11460
Sell limit @ 11315
SL 11328
TP 11260
*React dont Predict!*
Even as an index, it still follows market stucture very well. We have identified a key level in the demand area.
We can can see for the last 3 days or so, price being respected in this zone.
Now that price has left the demand area, into the indecision area we want to wait to see if price will continue upward back to the supply in previous days or if we will see a midweek reversal and price fall from the indecision area back to the demand zone.
Buy limit @11378
SL 11335
TP: 11460
Sell limit @ 11315
SL 11328
TP 11260