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Long
Updated

NAS100 Daily

166
Price has reached a key area of previous structure now retested as new support rejecting off the previous higher low of the current uptrend. There are also 2 alignments of fibonacci in this key region, & this upcoming week I am anticipating for price to resume the uptrend for a higher high into the key trend line resistance above, which aligns with major resistance as well looking left.
Note
snapshot 4 hour timeframe: Same pattern as before, an indecision candle at the key structure zone along with multiple rejections & an engulfing candle. A break above the last 4 hour high & we could see a good entry point to swing this pair higher again.
Note
snapshot 30 minute timeframe: We can wait for a break & retest scenario of the resistance region to the upside for intraday setup up into the first resistance for over 150 pips.
Profound_Ambition
correlationIndicesNASDAQ 100 CFDnasdaqSupply and DemandSupport and ResistanceTrend Analysis

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correlationIndicesNASDAQ 100 CFDnasdaqSupply and DemandSupport and ResistanceTrend Analysis
Profound_Ambition

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.