Long
NAS100| Look for buy opportunities from the demand zone!
NAS100 has reached a strong demand zone. Price bounced up several times from this zone. There's higher chance that buyers will defend this zone again. My expectation is that the index will bounce up from this zone. We can also see that the index is trading within a larger falling wedge. Buyers may push price up from the demand zone to the resistance of the falling wedge.
We can look for longs targeting 12400 level.
Please do support this idea with likes if you find this helpful.
We can look for longs targeting 12400 level.
Please do support this idea with likes if you find this helpful.
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