Its very rare for the nas100 to be oversold like this on the 4hour last 7 years we have a couple of moments that resulted in average moves of 9.8% to the upside.
3.72% January 2015 13.71% August 2015 6.30% September 2016 15.58% March 2018
Average 9.8%
SL - 11200 TP- 12000
Note
Also the NAS100 is in decending wedge which is a bullish pattern and bullish divergence has formed on the daily on the RSI
t.me/+8CRZJqXrjwU4ODA0 re-launched telegram group , it is free , just place to chillout talk about crypto bull market , will be posting trades live randomly
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.