nas100 analysis - 22 feb 2023
- we broke through the neckline of the double top on the daily timeframe yesterday
- we are currently at an intraday level of structure where market looks like its retesting it and continuing being bearish
- currently waiting for the break of the previous low at 12052 to go short
- or if the market wants to retest the neckline of the double i will wait for a break of the 12101 level and go long on the retest, but my long term bias is bearish as on the daily we are bearish
- funny thing what i just said right now might not even happen the market could gap to a new high or low we'll never know but that's why there's risk management :)
- we are currently at an intraday level of structure where market looks like its retesting it and continuing being bearish
- currently waiting for the break of the previous low at 12052 to go short
- or if the market wants to retest the neckline of the double i will wait for a break of the 12101 level and go long on the retest, but my long term bias is bearish as on the daily we are bearish
- funny thing what i just said right now might not even happen the market could gap to a new high or low we'll never know but that's why there's risk management :)
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