Nas100 possible setup
Updated
When the 2024 candle opened price immediately moved to the downside, on the second week of the year price started accumulating, broke structure and pulled back to re-test price. There is a good chance for price to move to the up-side in the first half of the year. But let's wait for more data to have that final conclusion.
Note
As predicted on the Youtube analysis that price had a good chance of moving to the upside in the first half of the year indeed it did, But we now have an inefficient market due to the imbalance created in June 2024, because we are now in July and a new candle is starting to form let's wait and see how long will it take for price re-balance that inefficiency. For now just react with the market as it moves and go with the trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.