NAS100
Bounced off 16200, which was last a support in DEC 2023 and a resistance (High) in NOV 2023. Therefore level of significance
4H
* Bullish engulfing candle of the low
- doji followed and a possible hanging man
- dive deeper for more info
1H
* Bounce 3 times at 16425 : which usually is the beginning of an expected breakout
- there's a potential 4th touch
- next directional move will determine our stance
- close above 16250, could be a change in direction
- close below 16200 with a rejection (new high) of this level will be continuation to the downside.
15Min
* compact candles, from impulsive break.
- will impulsively open
Verdict
- The possible trade there is highly risky, bad RR and just placed with no expectation
- WILL NOT BE TAKING THE TRADE
- Waiting for better information on the market
4H
* Bullish engulfing candle of the low
- doji followed and a possible hanging man
- dive deeper for more info
1H
* Bounce 3 times at 16425 : which usually is the beginning of an expected breakout
- there's a potential 4th touch
- next directional move will determine our stance
- close above 16250, could be a change in direction
- close below 16200 with a rejection (new high) of this level will be continuation to the downside.
15Min
* compact candles, from impulsive break.
- will impulsively open
Verdict
- The possible trade there is highly risky, bad RR and just placed with no expectation
- WILL NOT BE TAKING THE TRADE
- Waiting for better information on the market
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