Nas100 continuation lower?Good evening traders, I am busy with my market recap and I saw this beautiful idea on nas100/US100 or whatever name your broker uses.
Indices have been pretty bearish from our understanding as we saw price crush, well my thought process when analysing chart is question based, question like did price move above our weekly opening price to give us our manipulation phase in the power of 3, and in this case or in the case of this analysis the answer is yes it moved higher following this week’s open. Today in the 1 hour TF we have a structure shift lower and before we can do anything we need to see price come higher to Atleast the FVG that is marked on the chart, I know ICT teaches deeper about FVG but for me it’s fine for price to completely cover it. Or if maybe the OTE(optimal trade entry) is the method you use to enter trades it’s still fine or even order blocks if maybe you can see any than it’s also completely fine.
Currently price is showing momentum lower and maybe it’ll close prices lower but if we close the daily candle above the midpoint of the weekly gap we can expect price go than trigger the limit.
