OANDA:NAS100USD I Have checked my index and finally came to conclusion that I am going to sell, looking at the 1D chart a formation of a bearish movement seems to be continuing, though there is a possible retest to the 7773.00 area, my final confirmation to this pair is to sell it and hope for the best until my target at 7465.20
OANDA:NAS100USD Looking at the Nas100 4Hour chart, I see the indices has finally reached the level of its resistance which is at 7722.6, it will now dip down to a level of support around 7619.6, with my final target at 7440 I am selling nas100 now
Anticipating this H&S for drop to lower trend line of channel. Many others are calling for a push up to new ATHs above the 8000 resistance area so be careful and trade with caution. Don't risk more than you can afford to lose. Good luck!
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NAS100 - Elliott Wave Outlook
Bearish Swings - Patterns:
Complex Flat in Cycle Wave (IV) (green)
Primary W (purple) - Zig-Zag
Primary X (purple) - Complex Triple Three
Primary Y (purple) - Simple ABC Swing
Bullish Swings - Patterns:
Bullish Impulse in...
Chart shows weakness at the 50 EMA resistance, large probability of a pullback anytime soon.
Price might bounce off of the 100 EMA, but support is weak as shown earlier.
Short near 7760 or wait for market open.
SL 7815
TP 1 7690
TP 2 7660-50
Let's make that money!
Best regards, WidTrade
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
For the past 13 months, NAS100 has stayed about the 6200-6300 supply zone to maintain an overall bullish trend.
However, since this level has been broken, it could simply mean that the bull is out of steam and the bear is taking charge now.
This can be further confirmed by the recent appreciation of some of the safe haven asset such as gold and Swiss franc.
While...
