Hello Traders!
NASDAQ on the last 2H show us how buyers still on control & sellers lose steam.
The most possible scenario for Nas100 direction in the next week according to my analysis is to continue a bullish move for a long.
The end of a weekly candle still bullish engulfing like previous week, Although today nas100 has a bearish move for a while but BUYERS STILL IN CONTROL and that what a daily candle proven.
On my 2H analysis, you see also that the buyers reject the price from drawdown once at $13500 and the other at $14500 from the red SUPPORT rectangle, and as wee see for today the price has a rejection from the green rectangle which that shows the Bullish continuation is still positive in the next week.
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Trade Idea for NASDAQ (NAS100USD) :
- Wait for a pullback move at the green rectangle then buy
- TP1 AT $14900
- TP2 AT $15200
NB: The probability of what I analyzing, is to be true unless the opposite is proven
Feel free dear trader to share with me your opinion, and also your analysis & Keep Watching
Have a nice trading