We're clearly on historic levels for the NAS100, with a new ATH on March 21.
Since then, the market has been building up, making it very difficult to take a position.
However, a manipulation seems to be taking shape.
We're in an uptrend.
SMC could liquidate all long positions at the bottom of this range, rebound to the H4 order block at the 0.62 Fibonacci level by recovering some imbalance, then re-enter its range and break its previous ATH.
The next level to reach would be 18500.
Feel free to put a boost on this post if you enjoyed my analysis, and tell me what you think!
Happy trading :)
Since then, the market has been building up, making it very difficult to take a position.
However, a manipulation seems to be taking shape.
We're in an uptrend.
SMC could liquidate all long positions at the bottom of this range, rebound to the H4 order block at the 0.62 Fibonacci level by recovering some imbalance, then re-enter its range and break its previous ATH.
The next level to reach would be 18500.
Feel free to put a boost on this post if you enjoyed my analysis, and tell me what you think!
Happy trading :)