US Nas 100Short
NAS100USD - REGRESSION SCENARIO/ 4H
Updated
Generally, the direction is a downtrend
Downtrend Side: The current price has crossed below 20,100 and is descending toward 19,990. This indicates increasing bearish momentum, suggesting a potential challenge to the next support level at 19,800, particularly if the price stabilizes below 20,100 and 19,990. In this scenario, a sustained position beneath these levels could lead to further declines.
Uptrend Side: If the price reverses and ascends toward 20,200, surpassing this level would indicate a potential uptrend toward 20,335, especially if a 4-hour candle closes above 20,200. A 4-hour candle close above a resistance level is often considered a strong confirmation of a bullish trend, as it reflects sustained buying pressure over a significant period.
Correction: The price may rise to touch 20,200, and then the decline will start.
Tendency Keys: 20,100
Downtrend Side: The current price has crossed below 20,100 and is descending toward 19,990. This indicates increasing bearish momentum, suggesting a potential challenge to the next support level at 19,800, particularly if the price stabilizes below 20,100 and 19,990. In this scenario, a sustained position beneath these levels could lead to further declines.
Uptrend Side: If the price reverses and ascends toward 20,200, surpassing this level would indicate a potential uptrend toward 20,335, especially if a 4-hour candle closes above 20,200. A 4-hour candle close above a resistance level is often considered a strong confirmation of a bullish trend, as it reflects sustained buying pressure over a significant period.
Correction: The price may rise to touch 20,200, and then the decline will start.
Tendency Keys: 20,100
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The price has stabilized below 20,100. A break below the support level at 19,990 would confirm the continuation of the bearish trend.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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