LL LLHs being established. = downtrend. We are currently within 79% and 88.7% range of the previous swing. expecting price to finish its bullish correction in this zone then tank to create another lower low
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 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.....
Theres a few "brekers" the lowest being at 12528. The liquidity run gave the go to trade short. Target 1 would be the next nears low. If you want to hang on or take percentages of profits and aim for lower lows would be another strategy. I'm just giving something I see that should be an easY 20 point tick short.
Once it hits the order block there will be a bit...
