US Nas 100Long
NAS100 LONG (UPDATE)
This is an update on my previous post of NAS100 longs. So NAS didn't give us the retracement we were looking for but we could easily still identify areas where we could take good entries off of. The initial move that bought NAS past the 18000 level was quick but gave us some hints as too where price could retrace to. If we look at where volume was present it falls on a key level (17800), which from previous price action has shown to be a well respected level. That along with some rejection off of that area would give us enough confirmation to enter and target fib extensions at price level 18300. Sometimes when price doesn't play out how we want it to we have to react of what it is giving us and that is a very important skill that any trader should practice.
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