UPDATE ON NAS100
NAS100 1D - As you can see price has traded perfectly now into this zone, so those of you who bought into this market based on previous analysis I would look to close in profit or take partials and apply safety measures.
We are now wanting to see price either hold from this zone giving us bearish opportunities or trade us through absorbing price up and taking us up and into the zone above in order for us to get involved in longer term shorts.
I wan to see price deliver us with relevant pieces of confirmation before we look to go short, as you all know this will come from structure breaks to the downside, we want to be looking at the fractal structure inside of this correction.
Once price has delivered us with a fractal break of structure to the downside we have the confirmation we need to suggest that the current correction has finished and a new bearish leg is ready to take place.
We are now wanting to see price either hold from this zone giving us bearish opportunities or trade us through absorbing price up and taking us up and into the zone above in order for us to get involved in longer term shorts.
I wan to see price deliver us with relevant pieces of confirmation before we look to go short, as you all know this will come from structure breaks to the downside, we want to be looking at the fractal structure inside of this correction.
Once price has delivered us with a fractal break of structure to the downside we have the confirmation we need to suggest that the current correction has finished and a new bearish leg is ready to take place.
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