NAS100 still in the current overall bullish trend...it's the beginning of the week and so retracements are inevitable. Just a snap of the custom H12 timeframe to give some perspective.
Right now I am just awaiting to see the the LL or HH on the H1 to determine my first trade of the week to know if we are continuing the slight dip that started on Friday or if the market will complete the daily high.
Trade active
Still waiting for my first opportunity as the market feels itself out. Today is labor day in the USA and so the market will close at 1:00pm EST and reopen at 6:00pm EST so volume is expected low.
In any event, there is still buying pressure currently continuing from last week and at this current time it's leaning toward continuing that HL/HH towards the daily HIGH.
Based on my strategy, I am waiting for the right opportunity to take my first weekly move and that will be dependent on my first HH or LL on my H1 and seeing how they affect my H2 - H4 timeframes.
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.