NAS100 Current Sell Move

So this week my bias has been towards the sell setup as that has been the current trend since the highest point of the week on Monday @ 1:00pm.

The rationale behind this bias is that since the market is making HL/HH and all timeframes behind the daily were at their HH's then it is only fair to conclude that in order for the day to compete it's HH it will need to sell in order to make it's HL.

The week is already sitting at an overbought high so that confirmed my analysis.

The week started off with some consolidation before the first major attempt on Wednesday @ 9:30am.

We got a direct break to the low side for the H1 coming from a HH straight to an oversold low which setup a hard retracement all day yesterday (Bulls were happy).

The session closed yesterday with:

H4 = no registered high (Still needing a LOW form it's previous HH)
H3 = registering only a LH (still needing a LOW from it's previous HH)
H2 = registering only a LH (Making a direct move from HH to LOW and therefore needing a LL to complete the move)
H1 = registering only a LH (making a direct move from HH to LOW and therefore needing a LL to complete the move)
M15 = HH completing the retracement sequence and finishing with a (lower HH)

What that now sets up is an opportunity to compete the sell move towards the daily HL.

so far the market has broken with a direct move on the M15 from a HH to a LOW and so the move should be completed with a LL below the previous LL on Thursday @ 2:00am

My entry is 14494.3
My ultimate TP is 13520.9
My 2nd choice TP is 13934.7
My realistic TP is 14211.3

Happy Trading

God Bless

Trade active

The 5:00am hour only managed to register another LH on the H1 and the H4 remained unchanged.

What I am expecting is the H1 to break the previous HL at around 14443.4 and if that happens it will be a LL, although it will be higher than the previous LOW at 14240.5 it should continue down to break that support area since it is a registered LL.

Also the M15 would be at a LOW and if the H1 would now be at a registered LL it will only be natural for the M15 to follow suit and close lower than the previous LOW.

At that point we should have our Daily HL, H4 LOW and H1 LL and our entry time frame M15 at a LL also.

Auberstrategy

Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx

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Auberstrategy

Be the exception...not the rule.
t.me/+FsHQuOngCYFiZmYx

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