This analyses based on 4H Time Frame only Its based on pure Fibonacci, Price Action, Supply Demand. Before opening the trades should wait for Price Action Confirmations on the marked Fibonacci Supply Demand levels If breaking up major Resistance zone analyses will be invalid Good Luck!
Yesterday was a great Sell off day on Nasdaq 100 Index perfectly dropped to our Fibonacci 0.618% Golden zone 15435 From next trading week on Monday, we can expect pull back till broken 15520-15540 levels to test back then got rejected from there to continue Bearish down side trend to continue Bearish move Selling off till next 15360 level. If breakout below 155360...
Everything is cristal clear on the chart! I just like to make it short to explain and lets pay attention to breakouts of the each Fibonacci Levels to look for Selling opportunities from Fib Levels after rejection candle confirmations from Fib Levels Simple, clear and hopefully accurate! Lets monitor and see how Price Actions shows everything on real market Good Luck!
As per my Fibonacci and Trend Lines Analyses, we have to see price reactions at each Fib Levels, we can enter after a good rejection candle confirmations from the Fib levels by setting up SL 10-15 pips above as per your risk management Good luck!