D1 bulls are still in control on Nas100
Major support at 10318 were D1 buyers are at is already retested and market closed with the pin bar on D1 and they are nicely riding that bullish trendline.
On Friday we saw Nas100 correcting the Thursday evening spike due to the Apple earnings release and also retested the previous Thursday high. If you take a look at H4 Nas100 created a W shape and that retest also retested the breakout of neckline.
Nas100 is now near the resistance and we might see a breakout gap to the upside which I will apply a strategy for that for my entry.
If it gap down then I will wait for my structure and find my entry, however 2 things I will look for ranging to the side ways between level 10700 and 10900 or a falling wedge.
If it reaching 50% of D1 pin bar on price 10781 with the confirmation on smaller timeframe I will take my buy.
NB: Always consult your strategies for entries and use risk management
On Friday we saw Nas100 correcting the Thursday evening spike due to the Apple earnings release and also retested the previous Thursday high. If you take a look at H4 Nas100 created a W shape and that retest also retested the breakout of neckline.
Nas100 is now near the resistance and we might see a breakout gap to the upside which I will apply a strategy for that for my entry.
If it gap down then I will wait for my structure and find my entry, however 2 things I will look for ranging to the side ways between level 10700 and 10900 or a falling wedge.
If it reaching 50% of D1 pin bar on price 10781 with the confirmation on smaller timeframe I will take my buy.
NB: Always consult your strategies for entries and use risk management
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.