Analysis:
-We saw NAS100 go up today, and is currently in an upwards trend
-it recently rejected at the 10650 zone ,if it doesn't break the resistance zone the indices will go down and test the nearest support area(purple line)
which is also the 38.2% Fibonacci zone
-Always wait for confirmation in terms of where the pair will go
COT Analysis:
-Asset Manager/Institutional == 65,920 LONG positions ; 28,945 SHORT positions
-We saw NAS100 go up today, and is currently in an upwards trend
-it recently rejected at the 10650 zone ,if it doesn't break the resistance zone the indices will go down and test the nearest support area(purple line)
which is also the 38.2% Fibonacci zone
-Always wait for confirmation in terms of where the pair will go
COT Analysis:
-Asset Manager/Institutional == 65,920 LONG positions ; 28,945 SHORT positions
Note
We never entered trade, our confirmation didnt happenAlways wait for confirmation, we lost nothing
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.
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.