NAS100USD: Is a Reversal Brewing in Bearish Territory?Greetings Traders!
Today’s analysis highlights a fascinating setup on NAS100USD. While the market remains bearish overall, there are compelling signs suggesting a potential reversal. This could either lead to a minor retracement or evolve into a stronger, extended bullish trend. As always, we let the market confirm its intentions.
Current Market Outlook:
Price is sitting at heavy discount levels, having swept discount sell stops. This movement hints at the possibility of smart money entering buy orders against willing sellers. Remember, the narrative here is simple: buy in discount prices, sell in premium prices.
Key Confluences:
Rejection Block Support: Price is strongly rejecting a key rejection block, establishing a robust institutional support zone.
Discount Level Alignment: Current levels are ideal for buying opportunities, provided confirmation aligns with the broader market narrative.
Trading Strategy:
I am closely watching for confirmation entries at these levels, with the first target being the premium buy stops above the 50% Fibonacci level (fair value). This zone offers an excellent area for profit-taking and aligns with institutional order flow.
Let’s Collaborate!
Have insights, questions, or analysis? Share them in the comments below. Together, we can dissect the market and make informed decisions!
Kind Regards,
The_Architect
