weekly very bullish with daily producing an inside bar on Friday. market likely to retrace with a head and should on H1 and H4 which is a reversal pattern. would be interesting to see a break down and retest of the current support.
After last week bearish movement , market opened on Monday very slowly with the recovery from the downside. we currently have an inside bar on daily and the if we get a follow-up that would mean a break and retest of the trendline indicating a second entry targeting 12913.3 . however a break below H4 structure and retest might be setting us up for the short term sell.
we likely to see a push high tomorrow towards 12785.2 , if there's a strong break we going for 13000 but failure to do so and market gets below 12757.4 or any manipulation above that then we looking towards a short-term sell.
strong bullish weekly candle, while daily produced a bearish doji on Friday so it will be interesting to see how the market behaves before...
weekly closed very high in the previous weeks reaching an all time high of 12000 as predicted in our last segment of our weekly analysis. with this week opening we might see a push higher to 12100 and 12150 before we see a two weeks of sell of and profit taking creating a sharp fall.
Nas is Heading to 12000 but before it does that , it should collect all the liquidity laying below all the demand zones. any manipulation or false break below should serve as a signal for buy in the next coming two weeks. my ideas are being blocked for violations hence you haven't seen my post for the past 3 weeks. check my previous posts to connect. have a great week!