NAS100 LONG0.618% Fib Retracement on the dot of the 4 hr timeframe. Took first position.
On the confirmation with a Higher High Pullback I went heavy with 2 positions.
Managing trade from here
Good Luck Traders
Nas100long
NAS100/USD BUY LIMITNAS100/USD
BUY
Entree: 11.062
Take profit: 11.500
Stop loss: 10.837
NAS100 is gonne have pull back and on this one we go long because i think personally its gonne hit the x2 (14k) from the low of around 7k.
If u look good, NAS100 is making an ascending triangle, when its gonne break through it previous high, things can go fast.
The take profit is just a round number because i think its gonne be a sell off around the 11.5k level.
U can hold this trade to 14.000, but its gonen be a long one. Be sure to don't forget to take ur sl to entree or higher when u have a good amount of pips in profit.
USD currency is weak, so i think its not smart to think about a trend change in the market.
It will happen but not now.
Have a good day.
GV
NAS100 - Long ideaNASDAQ has ben boomin for the last 2,3 weeks so.. why not follow the trend and start looking for buy opportinuties? I'm suspecting that price can find support of the previous level of resistance and then go right back up to 11258-ish before falling back down.. stay consistent and follow the trend it is your friend :)
BULLISH MARKET ON NAS100ENJOY THESE BUYS ON NAS100. PRICE RECENTLY MADE A HIGHER LOW. AND WILL PUSH UP TO MAKE A NEW HIGHER HIGH!!!!!
Swing Trade Im already in profits wont move Stop Loss until Tuesday, I will secure partials at 150 pips
"EXAMINE THE MARKETS LIKE A SCIENTIST, BUT TRADING IS AN ART" - @TradingTrav
UPDATE - NAS100 TP1 hitJust doing an update on my NAS100 trade idea. TP1 has been hit. Currently, the price is playing between the 13 and 50. 1H is bouncing off of an upward rally line and we are at equilibrium (doji-developing). I am still looking for price to push up to the highs seen last week before the market fell on Friday.
NAS100 unfilled Harmonic PatternI like this because we have a lot of messages telling us that price wants to go long. What we have here is an inverted buddha temple/inverted head and shoulders pattern.
From the left side of the pattern, we can see that we had a healthy wick off of support, then an engulfing bullish candle. There wasn't enough bullish STRENGTH to engulf the left side bearish candles that started the downward movement (yet), so we see that doji at the top and then a bearish engulfing doji, doji, bearish hammer (dumpling top/"ugly" evening star pattern). This next move with the bullish engulfing candle ENGULFED all of the previous movements and formed a bullish belt top pattern. The next evening star pattern move by the bears didn't have enough strength to take out the last step by the bulls, and we see right after that a nice hammer (all at support 10393.3) forming the right side of the pattern.
We see that as the price continued before the close on Friday that we round resistance at the top of the bullish belt top. My trading range is between 10516.3 - 150393.3, with 10443.8 being the halfway point. I am not "expecting" price action to come back down past that area, but if it does, I have a pending buy limit at the bottom.