NAS 100 daily analysis on 1H chart. The overall market structure is bearish and the price has rejected at the resistance level and moving down. This could mean one thing only, to look for selling opportunities more than buying. one can wait for the price to reject at the trendline before selling to the downside.
FOMC tomorrow at 14:00 EST. WIth the expected rate hike, this should trigger a risk off environment, and the markets should drop. But pre-news announcement... there will will opportunities to get in positions with the banks!
Looking to see what we get for NAS-- but so far from the push we had away from the current zone 12500 I'm looking to see a retracement lower and either it finds support at the past highs near the FVG below the low which is also our 50% fib OR.. I see it breaking that area and retesting below the trend line and going lower towards 11300. Lets see what unfolds.
Nas100 entered our POI and showed the reversal pattern. Price dropped quite nicely, and has now retracee. Is there a second chance entry for short? Hmm.....
Despite 4 straight days in the red and the development of a mini-downtrend in a larger uptrend, there's no major sell-off signal just yet. What happens on Monday will be detrimental as the bearish close on Friday leaves bulls confused and bears wetting their pants.
My analysis so far for the bull case:
- Sell volume over the course of the week was within normal...
We Have an Analysis Of NAS 100 H4. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the Market has a Bullish Direction Because The Market Price Already Decline From the Previous support with the Trend line also Retest. So according to this Market will keep moving to an uptrend. Two ✌️ new levels (resistance) @11399.8 &...
I just added a new position in this trade. Got in NAS100 scalp & long term. Overall I feel that NAS will come down in the next couple months but for now it’s still bullish.
