nas100 analysis (22 june-24 june)
so...
1. on the daily we closed respecting the major level of support which is now our resistance
2. the third touch of the downward trendline was a bearish engulfing on the H1
3. market is making a series of lower lows ad lower highs
4. entry was at the breakout of the counter trendline and sitting at a 1:4 risk reward
5. market could close above the counter trendline on the h4 but trade will be managed accordingly
1. on the daily we closed respecting the major level of support which is now our resistance
2. the third touch of the downward trendline was a bearish engulfing on the H1
3. market is making a series of lower lows ad lower highs
4. entry was at the breakout of the counter trendline and sitting at a 1:4 risk reward
5. market could close above the counter trendline on the h4 but trade will be managed accordingly
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