US100 - Lots of opportunities unfolding

Apr 15

Chart Overview:
This analysis focuses on the US 100 (NAS100) index, sourced from CAPITAL.COM. The chart highlights critical price levels, Fair Value Gaps (FVGs), and a Buy side liquidity (BSL), offering actionable insights for traders.

Key Observations:
1. Price Action & Structure:
- The index has shown significant volatility, with a clear Break of Structure (BSL) indicating a potential shift in market sentiment.
- The price is currently navigating between key support and resistance zones, marked by horizontal levels.

2. Fair Value Gaps (FVGs):
- Two prominent FVGs are visible on the chart, representing areas where price may revisit to fill imbalances. These zones often act as magnet levels for price retracements.
- Traders should monitor these FVGs for potential entry or exit opportunities, depending on price reaction.

3. Critical Price Levels:
- Resistance Zones:
- 20,250.0: A major psychological barrier.
- 19,750.0 - 20,000.0: Intermediate resistance cluster.
- Support Zones:
- 17,000.0 - 17,250.0: Strong historical support.
- 16,000.0: A pivotal level for long-term bias.

Trading Strategy:
- Bullish Scenario: A break above 20,250.0 could signal further upside, targeting 20,500.0 and beyond.
- Bearish Scenario: A drop below 17,000.0 may confirm a deeper correction, with 16,250.0 - 16,000.0 as the next target.
- FVGs as Confluences: Use the identified FVGs alongside volume and momentum indicators to refine entries.

Timeframe & Validity:
This analysis is based on the daily timeframe (Apr 19, 2025) and remains valid until key levels are breached or new structures form.

Final Notes:
Always pair this analysis with risk management (stop-loss, position sizing) and confirm with additional indicators (RSI, MACD, volume). The market may fill FVGs before continuing its trend.

Like, follow, and comment if you found this useful! Happy trading!

7 days ago

Trade active

Big gap in the chart formed! will probably be filled before the end of the week!