US100 Outlook ICT ConceptsNASDAQ-100 (US100) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US100, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the previous analysis, we anticipated the price to begin expanding higher after a significant move to the downside, which has occurred as expected.
📍 Current Market Overview:
• Price Reaction: The NASDAQ-100 (US100) had a strong bullish reaction after sweeping the Sell-Side Liquidity (SSL) and tapping into the Daily Fair Value Gap (FVG).
• Expansion Higher: Currently, the price is expanding higher, moving into a premium zone as marked by the Fibonacci retracement levels.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PML: Previous Month Low
• SSL: Sell-Side Liquidity
• Buy-Side Liquidity (BSL): The levels that can be targeted if we go long.
• Daily FVG: The Daily Fair Value Gap, where the price had a significant reaction.
• 4H Bearish FVG: A 4-hour timeframe Fair Value Gap located above the current price.
• Fibonacci Retracement Levels: Key Fibonacci levels (0.50, 0.62, 0.705, 0.79) indicating potential resistance or retracement areas in the current premium zone.
📊 Key Considerations:
• Premium Zone: The price is currently in a premium zone, as identified by the Fibonacci retracement levels. This zone is generally where we anticipate some form of retracement or consolidation.
• Daily and 4H Bearish FVG: These gaps are significant resistance levels above the current price, which might act as targets if the price continues to move higher.
• Possible Retracement: Given that we are in a premium zone, a retracement lower is possible. However, further upside cannot be ruled out, especially if the price breaks through to the daily or 4H bearish FVG.
📈 Bullish Scenario:
• Sweep of Lower Time Frame SSL: For any new long positions, we need to see a sweep of lower time frame Sell-Side Liquidity (SSL). After this, longs can be considered, targeting the Buy-Side Liquidity (BSL) levels.
• Targets: The primary targets would be the Daily Bearish FVG and the 4H Bearish FVG above.
📉 Bearish Scenario:
• Retracement from Premium Zone: Given the current position in a premium zone, we could see a retracement lower. If this occurs, the key levels to watch would be the SSL areas or any previous supports near the Daily FVG.
📊 Chart Analysis Summary:
• Bullish Expectation: We have seen the long scenario play out successfully. For new longs, wait for a sweep of lower time frame SSL before targeting BSL, with potential targets being the Daily and 4H Bearish FVGs above.
• Bearish Expectation: Consider the possibility of a retracement from the premium zone. If the price shows signs of weakness, a move lower to previous supports or SSL levels could be expected.
Conclusion:
The NASDAQ-100 is currently at a critical junction in the premium zone, with the possibility of either further expansion to the upside or a retracement lower. The key to the next move lies in observing the price action around the Fibonacci retracement levels and the reaction to the bearish FVGs above. Any long positions should be taken cautiously after a lower time frame SSL sweep, targeting BSL levels, while keeping an eye on potential retracement scenarios.
🙏 Thank you for joining us!
Exploring US100 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
