US Nas 100Updated NAS100...Success Awaits
Last week we saw NAS100 continuing the downward trend that it started Friday 09/01 @9:23am and it has been trending down since then.
On Thursday 09/09 @9:32am it bounced from a "created support level and managed to create a wick just above the 50% retracement line.
Being that the market likes to retrace to at least 61.8% or 78.6%, there is still a possibility that the market can continue climbing to that level before dropping again to make a LL.
Another scenario involves it making it's way down to complete the LL from where it currently sits around the 38.6% mark and I know price can shoot in either direction from that point.
That is why the strategy I am using does not allow me to enter the trades until certain conditions are met on the H1 timeframe.
One of those conditions are only entering on the HH or LL...With that being said, I am neutral until I receive my first signal of the week.
No confirmations, no trades for me...
On Thursday 09/09 @9:32am it bounced from a "created support level and managed to create a wick just above the 50% retracement line.
Being that the market likes to retrace to at least 61.8% or 78.6%, there is still a possibility that the market can continue climbing to that level before dropping again to make a LL.
Another scenario involves it making it's way down to complete the LL from where it currently sits around the 38.6% mark and I know price can shoot in either direction from that point.
That is why the strategy I am using does not allow me to enter the trades until certain conditions are met on the H1 timeframe.
One of those conditions are only entering on the HH or LL...With that being said, I am neutral until I receive my first signal of the week.
No confirmations, no trades for me...
Trade active
Now that the trading week has started we still see price bouncing around the 38% line...
I cannot stress enough to myself that I am waiting on the HH or LL in order to take my first trade.
Key point to note is that the H3, H4 & H5 timeframes are sitting at LOWs and the possibility exits to make (lower Highs)
No setup...no trade
Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx
t.me/+FsHQuOngCYFiZmYx
Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx
t.me/+FsHQuOngCYFiZmYx
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