With the first full trading week completed, I still observe structure being maintained on the larger timeframes and as such the historic bullish trend still intact.
The strategy still remains the same guaranteed HL's to HH's.
Every single ATH that has been created by the market has been broken after a retracement to another HL....
Not so with the lows...the only ATH on the NAS100 was the lowest point that it has ever gone and since then the price has never gone back there...
What does that mean for this week?
1. Continue taking my largest HL to my largest High (if it comes to a LH then I TP and wait for another HL).
2. Keep doing this until the consolidation on the upper levels is broken to produce the next ATH.
3. Continue trading the trend as you will never go wrong with the trend (HL's to HH's)
So with that being said my first buy entry of the week will be below 20,725.2...It's a game of patience and you just have to continue taking your profits on the consolidation points until the trend resumes to the next ATH.
Have another great week guys and always remember to practice constantly, journal your trades, analyze and review...that is the only way to improve (not by signal chasing).
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