Nas100, awaiting opportunities after relief rally

G'day,

Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.

A note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Short, until the opportunity for a close reaches the profit taking zone. This will be activated as long, short term longs are activated to note. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.

Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move.

Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Orange = Daily


Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.

Fresh level mark up analysis provided from Monthly to Daily,

Monthly

• Fresh level created on market top/ all time high
  
• When a fresh supply is confirmed on the daily, weekly confirmation allows the distal and proximal line to be created.
  
• Await the confirmation to tail off with an inside bar, falling three method or rising (ascending) wedge pattern forms.
  The main aspect here is to understand the probability of the fresh level, signifies the bullish structure is phasing, phased out. Now a risk-adjusted probability of confidence >95% shows a fresh zone and structure left using the curve provides clear points to hold to for profit zones and or new accumulation orders.
  

Weekly

• Price has reacted on a first tap - upon a fresh level which is half way down the structure - pointing to the weekly, monthly zone.
  
• As a FL/OL - the first tap upon the zone will be a highly probable bullish zone as it's a fresh arrival to the destination, allowing buyers to fuel the buying orders awaiting.
  
• The steap weekly curve has now been broken, where price will fuel an intra-channel move towards a PCP level, where price will react at a former hurdle weekly supply - creating a range (noting) the market is still in control to the downside. - Fresh supply, remains heavy sell orders.
  

Daily Chart

• Weekly curve has been broken (using the daily curve line)
  
• Upon a broken reactive test of the zone shows a perfect rejection and lower low retest which aligns with (November 2020).
  
• Now with letting price react over two, three days allowing confirms to break the zone and re-test said zone. Upon a retest, the distal line is now clearer and the risk-adjusted trade can be input for long opportunities.
  

Where next?
Probable range - upon strong supply and fresh zone.

Weekly hurdle will be broken?
Probability of this fresh zone, unlikely, but not impossible with confirmations.

Do you enjoy the setups?

• Professional analyst with 5+ years experience in the capital markets
  
• Focus on technical output not fundamentals
  
• Focus on investing for long term positional moves
  
• Provide updates where necessary - with new updated ideas tracking the progress.
  

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To all the followers, thank you for your continued support.

Thanks,
LVPA MMXXII