How I see it:
Key resistance @ 21000.00
LONG, Requires a clear brake above key resistance -
TP 1 = 21322.00
TP 2 = 21870.00
and / or
SHORT, Requires a breach of key support @ 20407.00 area -
TP 1 = 19910.00
Thank you for taking the time to study my analysis.
Key resistance @ 21000.00
LONG, Requires a clear brake above key resistance -
TP 1 = 21322.00
TP 2 = 21870.00
and / or
SHORT, Requires a breach of key support @ 20407.00 area -
TP 1 = 19910.00
Thank you for taking the time to study my analysis.
Note
Friday Night's Imbalance is filled...we'll have to see from hereNote
I would like to see a 4 HR Candle body close below 20271.00 for next SHORT TP.Yesterday did create a few small imbalances all the way up from the short threshold, just below 21000.00.
I'm just mentioning this, it does not have to fill it today or tomorrow.
I will not try to turn the market around in this bearish environment until a proper reversal signal(s) on at least a 1D TF is evident.
Rather sell the rallies!
Keynotes:
1) Price breached a 7 MONTH Daily bullish trend; it is very significant.
2) Also go check you 1W TF + RSI: NAS100 has been overbought since JUNE 2023
@ Around 15000.00 !!!!!
Note
I don't know why my charts are not updating the candles, my apologiesDisclaimer
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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.