NAS100USD / UNDER DOWNWARD PRESSURE / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Market Movement Post-Election:
The analyst mentions that after Trump’s victory, NAS100USD rose by 610 pips (a pip here likely refers to a unit of price change in the index, even though “pips” are more common in forex markets). This initial increase reflects market optimism or a reactionary move post-election.
Current Supply Zone:
The NAS100USD is currently trading in a “supply zone” between 20,662 and 20,788. A supply zone in trading refers to a price range where there’s likely to be selling pressure. The price is near its all-time high (ATH) around 20,788, which could mean resistance.
Potential Scenarios Based on Price Action:
If a 4-hour candle opens and stays below the ATH level of 20,788, the analyst expects a decline in the price. This might reach a fair value gap (FVG) between 20,482 and 20,335. An FVG often suggests an area where the price could correct or balance out.
If prices move lower, they could reach a demand zone between 20,088 and 19,961. A demand zone is a price range where buying interest could push the price back up.
Scenario for an Upward Move:
Conversely, if a 4-hour candle closes above the ATH level, it suggests a potential continuation of the uptrend. The price might then aim for a new historical range between 20,972 and 21,125.
