Trade Proposal:
There is a probability of first tp to the proposed ( 10,800.42 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
MAS100 is in Downtrend and It is Expected to Continue Downtrend.
By the end of this quarter and at 10,800.42 in one year
What a time to be watching this thing go all the way up these trends. Gives a good perspective no doubt.
Highlighted the gaps that have been made on the way up and shows the fib levels that correspond nicely to the different supports and resistances.
Who knows the direction of this though we have 70 days and a 8% upside potential to the end of this yuge...
NASS 100 DAILY TF. I SEE A CLEAR UPTREND ON THE DAILY✅, I SEE A BREAK AND RETEST WITHING A UPTREND✅, I SEE PRICE CREATING NEW SUPPORT = HAS POTENTIAL TO GO UP🚀. (also other confluence)
This is just for practice on supply and demand trend trading plus one indicator for confirmation, 50 EMA for identifying trend on D1 timeframe and stochastic RSI for confirming entries along side Japanese candlesticks. This post is my bias for coming week. I will be looking for longs only on Nass100!
Hi there,
We at completion of wave 5, and willing to shot at the gray area as it is our targeted zone. An ending diagonal is also a sign that we might get a good opportunity to short Nas. We paying a very close attention as this will be a good indication of what we can do when Open time takes place tomorrow. Is a sharp move up happens, it must close below...
This is my idea is does not constitute any advice nor should you invest any funds based on this post, doing so would be in your risk and advice that you seek professional trading advise before using this info as trading idea. Stay safe and take care.
1st entry
Entry -10445
SL -10319
TP - 11070
2nd entry
Entry -10399
SL - 10321
TP 11070
price based on uptrend line and key level around 240.00
price rebounded from 50% fibo level
RSI shows positive divergence
MACD shows decreasing of bearish momentum
ELLIOT WAVES indicate end of bearish corrective wave (4)and start of bullish impulse wave (5)
so its expect bullish movement to supply zone around 320.00
price based on demand zone and HVN around 1750.00
MACD shows positive divergence and decreasing of bearish momentum
RSI upward from oversold area
price reached AB=CD pattern target at 161.8% fibo
so its expect bullish momentum to supply zone around 2160.00
