US Nas 100Long
NAS100U - Possible BUY
Updated
Higher TF is bearish (downward channel).
Price hits the support zone 11054 - 11187 (previous key level).
4H AO divergence suggesting exhaustion of bears.
4H/D is forming QM (lower low + higher high).
We can open BUY trades at 0.786 zone.
Confirmation on lower tf for sniper entries.
Price hits the support zone 11054 - 11187 (previous key level).
4H AO divergence suggesting exhaustion of bears.
4H/D is forming QM (lower low + higher high).
We can open BUY trades at 0.786 zone.
Confirmation on lower tf for sniper entries.
Note
Lower TF:5min AO divergence - good sign
We wait for 11050 and 11070 Highs to break.
Expect a pullback after for entries.
Note
If price reaches all the way to 10876, I expect a complete u-turn without any other confirmationsNote
Since price failed to break 11070 and continued pushing downward, it reached the 10876 level and made 600 pips bouncing its way upClosed.
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