🎯 Entry: ⬆️ 19,998 (78.6% Fibonacci resistance cluster) ⛔ Stop Loss: 🔴 20,160 (Beyond gamma wall) ✅ Take Profit 1: 🟢 19,653 (Fair value gap closure) ✅ Take Profit 2: 🟢 19,426 (Algorithmic support base)
⚠️ Risk Management Protocol
• Maintain 1:3 risk-reward ratio for asymmetric trades • Monitor Fed rate decision at 14:00 EST • Watch 19,400-20,000 range for ETF rebalancing volatility
As we approach NFP there are some key areas of resistance that I am paying attention to on the 30min chart. If price closes and holds above these levels that is an indication buyers are stepping in. If volatility is high and price wicks into these levels but closes below then it means sellers are still strong.
NASDAQ.USD.1.IEN the gap was filled and price reached to around 19860.. this price is regarded the ceiling of the bulls, and if the 1h candle retraces from to its end, that is a bearish powerful wave ..and any 1h candle will settle and bounce from 19830 to end above 19860 then that is a bullish sign just be careful from the indications the market maker does to give you a feeling which he needs to do opposite to it... you have now both of possibilities and i will go more to the bearish indeed,,,but i chose to not be bias as a respect to all your points of view..
US100 strong rejection of the golden pocket. I expect test of 78.6% (19479) later in the afternoon. RSI at neutral, although forming bear diver. Short running since below 61.8% (19965).
NASDAQ.USD.1.IEN due to the high bearish momentum which was taken in getting that candle to the downside. it left a gap at 19830 which created an imbalance there. it could be filled straight or later. is not a big issue . In the mean time the game on the gold yesterday had taken the gold from 3200 to higher levels and it will go higher than that indeed. when both rise will be normal but when you notice in the decline that gold does not retrace in the same momentum. then you will understand that there is money is taken from stocks and pushed in gold instead.
US100 To whom it may concern… It is extremely unlikely that a BIG TF corrective wave ends in the middle of the last leg. I believe price needs to stretch next week into 21000 as a minimum. (0.786 from ATH and the 16300 low)
We will likely have a Friday sell, pullback, retracement, FVG fill, slap…whatever your language is…
But we are unlikely to go to Oblivion from here..
Interestingly, tenuously and only if you believe there is a correlation but looking to BTCUSDT….
If you look at the PA on the 4hr for this week you will see something interesting. BTC has climbed over the 61.8 from ATH BUT it has formed a double Bottom on it and pumped above it.
The NAS equivalent was THAT Oblivion and Pump candle at the same price time but has retraced underneath the 61.8 👀 # TATrap?
NAS100 
