NAS100 Outlook👁️ OUTLOOK
5hr chart:
30m chart:
Context 5hr: Price is breaking bullish and currently reaccumulating. Price is still above the 10,50,200emas which is a good sign. We can see a deeper re-accumulation/pullback towards the 50ema at the beginning of the week.
Validation 30m: Price is currently re-accumulating and is starting to trade below the 10 and 50ema for a deeper pullback for the beginning of the week. I am still expecting bullishness throughout the week and want to see price get to 18675.2 (week high)
Analysis summary: I am bullish on NAS100 and want to see price show a bit of strength and trade above the 10/50 emas before looking for longs. Once this happens then I would happily look for longs on NAS100. Good luck this week and make sure to follow your trading plan/rules!