NAS100 Top-Down analysis
On the daily, there is a clear Head & Shoulders pattern that is yet to complete.
The right shoulder is in fact an ascending channel (i.e. corrective)
Since the price is reaching the key levels correctively (it looks like it will form a structure I will:
1. Wait for a third touch
2. If the third touch was reached in a manner that hints that price will sell, I enter. else:
3. I wait for an m15/1h continuation pattern then enter
The right shoulder is in fact an ascending channel (i.e. corrective)
Since the price is reaching the key levels correctively (it looks like it will form a structure I will:
1. Wait for a third touch
2. If the third touch was reached in a manner that hints that price will sell, I enter. else:
3. I wait for an m15/1h continuation pattern then enter
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