Dear Traders,
It has been years that I posted a chart on Tradingview, mainly due to being more active at IG with NewCapitalFX. However, I feel like bringing value again through this channel.
The NAS100 is expected to see a pullback, in my opinion and based on our backtested way of trading there is an edge that price will drop from the value area of 7666-7706. Price might spike to the highs and reverse from there but at the moment it looks like the intra-day charts are decelerating and a bigger drop from Monthly & Daily value is in the cards.
It is wise to watch the 4hour chart develop bearish momentum before jumping in.
Have a great day everyone!
It has been years that I posted a chart on Tradingview, mainly due to being more active at IG with NewCapitalFX. However, I feel like bringing value again through this channel.
The NAS100 is expected to see a pullback, in my opinion and based on our backtested way of trading there is an edge that price will drop from the value area of 7666-7706. Price might spike to the highs and reverse from there but at the moment it looks like the intra-day charts are decelerating and a bigger drop from Monthly & Daily value is in the cards.
It is wise to watch the 4hour chart develop bearish momentum before jumping in.
Have a great day everyone!