NASDAQ 100 Index (NDX) forum
NAS100 will add to my short under 21035 area
NAS100USD 12/11/24: Retracement continuations
The retacement to signal higher TF HLs is still in effect as the market respects a clear resistance level at 21,172.4. On the 1H chart this resistance is shown from a series of Highs and LHs formed.
Potential drawdown has been avoided by waiting on the right buy entry.
At market re-open price gapped lower seen more clearly on the 1H chart. Historically price has been shown to fill the gap before continuing the retracement.
With CPI data coming out on Wednesday at NY session, I anticipate that price will fill the gap created and retest the previous resistance level thereby signalling a LH on the smaller TFs.
Using my fibs on the 7H chart, the retest of the previous resistance level falls at the 61.8% retracement level.
If this happens and price does not break structure then the retracement is still valid to continue signalling HLs on the larger TFs.
NAS100 Let’s Gooo.. Short till 20,350….
NAS100 The 4Hr is about to break to the downside from 21,079 down to 19,912.
NAS100 jonnywina73730 this why I can't have comments in a single thread.. apologies tradingview.com/x/f0A9ohbE
NAS100 will wait to see if it rejects on the 4hr fvg again before looking to short again or buys if it breaks resistanceNAS100 tiaansmit99 sorry for your loss... let some steam off and be back tomorrowNAS100 tradingview.com/x/64DzToetThis what it looks like on my chart 3min TF
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NAS100 I'll be back Asian or London session tomorrow