How I see it:
I just felt it necessary to share the bigger picture.
1) NAS100 Has been overbought since JUNE 2023.
2) Price has broken a very significant 7 Month Bullish Trend a week ago.
3) Severe 1W TF Divergence!
Keynote:
I am not stating that NAS100 will fall all the way as indicated.
It is however very peculiar if you take your FIB from where the
divergence began @ 14050.00 up to the ATH @ 22237.00.
The indicated re-balancing of the divergence falls right between
71-79% retracement.
Thank you for taking the time to study my analysis.
I just felt it necessary to share the bigger picture.
1) NAS100 Has been overbought since JUNE 2023.
2) Price has broken a very significant 7 Month Bullish Trend a week ago.
3) Severe 1W TF Divergence!
Keynote:
I am not stating that NAS100 will fall all the way as indicated.
It is however very peculiar if you take your FIB from where the
divergence began @ 14050.00 up to the ATH @ 22237.00.
The indicated re-balancing of the divergence falls right between
71-79% retracement.
Thank you for taking the time to study my analysis.
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.
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.