UPDATE ON NAS100 ANALYSIS
NAS100 4H - Back with some updated on analysis on this pair, as you can see previous analysis has played out perfectly for us up to now. Anyone who got involved in longs will have profited nicely.
I am now closing my longs in prep for a down move, we are seeing price sit well at this area of interest. We are also seeing price distribute and this maybe in prep for the anticipated down move, as always we just need to wait for relevant confirmation before we can look to take this market short.
Confirmation will be a break in the fractal structure thats traded price up, I have gone ahead and marked out the last fractal relevant protected low. A break in that will suggest that the bullish leg taking price higher has now finished and a new trend to the downside is ready to be printed.
If however price absorbs this area and breaks above it, we could look to add into further long positions trading price up and into the zone above, again we will need confirmation first before we look to do anything of the sort though.
I am now closing my longs in prep for a down move, we are seeing price sit well at this area of interest. We are also seeing price distribute and this maybe in prep for the anticipated down move, as always we just need to wait for relevant confirmation before we can look to take this market short.
Confirmation will be a break in the fractal structure thats traded price up, I have gone ahead and marked out the last fractal relevant protected low. A break in that will suggest that the bullish leg taking price higher has now finished and a new trend to the downside is ready to be printed.
If however price absorbs this area and breaks above it, we could look to add into further long positions trading price up and into the zone above, again we will need confirmation first before we look to do anything of the sort though.
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