NAS100 Daily Highs and Lows
An interesting perspective to visualize how the previous 2 weeks have played out. Marked are each of the daily high and low points. Price has been creating lower highs since Tuesday and as we can see, Tuesday has created the weekly high and low so far. If price breaks Tuesdays low then price should come down to the 13550-13500 area. With a Fibonacci retracement on Tuesdays High to low, we can see price was rejected at the 13700 area on the 61.8% fib level. If NFP tomorrow creates strong bullish momentum then I would like to see Fridays high broken and close off the week around Tuesdays high or above.
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