Having reached its all-time high on March 08, the NAS100 is currently undergoing a major accumulation phase (range).
This makes it very difficult to take a position in such a market.
However, SMC could come in and manipulate the price, by liquidating all buy positions below this range, looking for an ASL located in the OTE zone, in order to start climbing again, and why not go for a new high.
Major economic announcements are expected today. Movement is expected.
Don't hesitate to post a comment to tell me what you think, as well as a boost on this post if you enjoyed my analysis!
I agree too! lots of sell Side Liquidity there to remove and use to mitigate the bullish OB down there then go for all the buy Side Liquidity as DOL
wiberg74
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Agree with U! I am BULLISH, the big support at 17800 hold this time to and at same level there is also MA200 and on 4h chart we broke up from decending chanel...fed has everything in their power now and i cant belive they want to come after europe with lower rates as they are the biggest economy in the world! (and if they dont they are a bunch of cowards lol)