DailyTraderDK

DailyTraderDK Updated 

Currently looking at the daily FVG as well as resistance on the daily at 19,700. I envision two possible scenarios: A run up to 19,700 before heading down to fill the gap OR A more immediate move to fill the gap before continuing the bullish trend Retail sales data and Fed news on tap this week so that might push the market in either direction. Either...

DailyTraderDK Updated 

The 4H chart for NAS100 seems to be forming a rising wedge. Price action has been supporting this and candle closure outside of this wedge could help inform future long or short positions. Considering the dead cat movement of the market over the past few days, shorts may be in view sooner rather than later.

DailyTraderDK Updated 

Looking at the 4H chart, the NAS100 is setting up for a double bottom, or W pattern, scenario. There's a possibility it could pull back to around the 19,200 area before heading up to fill the gap. Earnings and job data today and tomorrow could also play into this.

DailyTraderDK Updated 

Been consolidating between 18900 and 19200 for about two days on the 4H timeframe. I think if we close beyond either of these two price points, we will continue in that direction. Interest rate decision incoming next week which could also impact movement. Holding for now but will see what the next day or two brings.