NAS100...Ever The Bullish Instrument (The Return)After my 1 month ban from tradingview I am resuming my commentary on my eternal bullish stance for the NAS100.
Despite my absence, my strategy has not changed and will remain so until the Monthly starts creating LH's to LL's.
With that being said here is my current outlook on the NAS100:
1. Weekly currently at HL
2. H7 currently completed a daily new high at the end of today's session
3. H1 currently completed a daily new high at the end of today's session.
What does this mean for me?
Well, since I am taking my HL's and exiting on my HH's (trend move), I am aware that today's move only produced a daily LH and as such signals continued consolidation on the lower to mid hour timeframes...This allowed me to TP at the end of today's session and now I have to wait for the retracement to be over and the new lows completed so that I can enter on the next round of HL's on my larger timeframes.
As I have always mentioned, to understand this requires constant practice, consistency and patience...so give yourself time and do not rush.
Any sells in the market are only temporary retracements to produce the HL on the larger timeframes...Case in point... 4 weeks worth of selling on the H1 only managed to create a HL on the weekly timeframe...leaving the market still in trend for the HLs to another ATH in the future.
Have a great week.
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