As long as NAS100 stays below the W (Weekly Zone); there is a high-probability it will continue to trend down, however, if that zone is broken, expect a retest at the boxed areas. This is a weekly zone, so be attentive and prepared. Good luck, lets get it.
NAS100(4H) has just bounced from the monthly support zone with a gap opening. Because the price is already above the monthly support zone, upon retest of the support on the 4H timeframe, upon rejection, a buying opportunity may arise.
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Looking at NAS100 on 30M timeframe
Currently looking for long/buy position
We currently waiting for signals of reversal whereby we will then execute the trade
GENERAL OVERVIEW DATA
From March 02 2020 point A until December 2021 point B uptrend. From January 01 2 June 2022 retracement of Fibonacci level point C.
MONTHLY TIME FRAME
* Uptrend
* Retraces back to 0.5- 0.6 Fib level
* Bullish engulfing pattern spotted at the retracement level
*Violate the 3rd touch of this trendline.
* Closes with a bullish hammer...
Trying to catch nas100 after it has broke out of a falling wedge and recent moving average cross.
It has broken resistance and retested it as support. Moving averages are hold up price and should continue pushing it up.
NAS - Similar outlook to US30, looking for price to tap into the supply zone above (Completing the .886 of the shark) and retrace down towards one of the demand zones before then breaking the highs and completing the 1.13 of the shark!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on...
NAS100 hrly long
buystop @ 14830
TP #1 @ 14954 77.78% wr
TP #2 @ 15054 56.67% wr
SL @ swing low 14574 12.22% hr
WR and HR determined from past trades on this pair, on this timeframe.
More trades like this on my profile and on Bifrost Trades.
NAS100 - Shark almost complete, looking to trade up-to the PRZ before looking for reversals, PA is bearish on the daily but I'm wanting price to fill the imbalance and give us a nice mitigation before a HTF continuation.
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and...
If you look closely the reversal candlesticks on the H4 TF is confirmed and the momentum of the bulls are high. Potential bull setup..trade safe and be blessed..
Here is my analysis for NAS100 for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND...
NAS100 broke the resistance level which became the new support level , possible buy opportunity once the market opens.
Targets:
TP1-15125.2
TP2-15525.2
TP3-15194.1
Use proper risk management!
