UPDATE ON NAS100 POTENTIAL SHORTSNAS100 4H - As you can see this pair is playing out really well, we want to see a continuation in bullish structure, trading us up and into the Supply Zone above, in doing so we expect price to reverse to the downside.
The reason for this is simple, the buyers who are buying in at the moment will be looking for valid areas to close there positions in profit, removing Demand from the market, the buyers that placed there positions in that area in price will be looking to close there positions at breakeven.
The sellers looking to sell into this market like ourselves will be looking at this area to sell, so with all that being said we are removing a-lot of buying pressure from the market (Demand) and introducing a-lot of selling pressure into the market (Supply), this giving us a complete S&D flip to the downside.
Now in order for us to have confirmation that this is taking place we need to be delivered with a break in structure to the downside, this giving us the confirmation that the correction trading us higher has finished and the new leg lower is ready to be printed.
