Waiting For Another Sell Entry NAS100

Now that the M15 completed it's segmented Oversold LOW (H1 HL) it is now just waiting for another opportunity to take a sell towards the ultimate destination which is the daily HL.

A quick glance at the daily and weekly timeframes will show you that the market is intent on getting a bearish momentum going but for the past two days has only managed to generate wicks for the bears and bulls.
Another point to note is that with all timeframes sitting at HH's there is no reason for me to looking for buys and as such, my current bias is towards the sell opportunities. How far down the price will go remains to be seen, however I will continue to monitor once I take another sell.

Final point on this is that the H1 seems to be finalizing the C point in the XABCD pattern, which will therefore require a D point before heading towards the low it needs to create.

I will continue to monitor and work on my patience...

Happy Trading and God Bless.

Trade active

Just a quick update...the retracement towards the upside is continuing as observed earlier so validation is present as I wait for that sell entry back to the downside...

God Bless!

Note

Current Retracement

Trade active

Still tracking this retracement for another sell entry down to the daily HL...

God Bless!

Trade active

Price has given me my indicator for what I want to see before taking another sell.

Right now it is just a matter of waiting for the push to finish...

In any event my M15 is currently at an OB high, however I am noticing that my M5 is coming from a LL to a direct move high so I am observing to see if it completes the sequence to an HH and then that will be the ultimate decider as to when to enter.

In any event...the H1 is at a LH coming from a HH and no low has been put on so I am more confident that the sell will continue.

No need to rush on my part as the day is still early and the timeframes are in their respective high positions sitting on LH's so the only thing to do from a High point is to sell...

I will be away from my computer today but my next entry will be a sell and hopefully this will be the one to take me to the daily HL.

Happy Trading...

God Bless.

Auberstrategy

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

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Auberstrategy

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

Also on:

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