NAS100 - Not Out of the Red Forest Yet?How I see it:
Nasdaq did break out of 4Hr trend.
Convincingly enough, I'm not so sure?
If you look at the bigger picture, there is a lot of traffic upwards.
Now key resistance @ 19960.00
Potential " LONG" Target -
TP 1 = 20305.00
(The 38.20% FIB retracement on the complete 4HR bearish trend)
Potential " SHORT" Targets -
TP 1 = 19112.00
TP 2 = 18295.00
Keynote:
As previously mentioned, now you can see why I'm not even considering a
"Bullish Reversal" under 21000.00
Thank you for taking the time to study my analysis.