NAS100 top-down analysis
Updated
Hello Traders:
Weekly overview: Price is on an Ascending Channel with swing highs and lows. Price is in a corrective stage which means price hasn't yet completed the correction to break the structure.
Daily overview: Price action is making a symmetrical expanding triangle. Price action is making another Ascending Channel with swing highs and lows to the upside. Price is in a bearish correction phase to the downside.
Fourly overview: Price action is in a Descending corrective Channel to the downside. Waiting for price to break below bullish correction and continue down.
One hourly overview: Price action is in an Ascending impulsive Channel within the four hourly channels. Waiting for price to break and create a continuation correction on the LTF to the downside.
Weekly overview: Price is on an Ascending Channel with swing highs and lows. Price is in a corrective stage which means price hasn't yet completed the correction to break the structure.
Daily overview: Price action is making a symmetrical expanding triangle. Price action is making another Ascending Channel with swing highs and lows to the upside. Price is in a bearish correction phase to the downside.
Fourly overview: Price action is in a Descending corrective Channel to the downside. Waiting for price to break below bullish correction and continue down.
One hourly overview: Price action is in an Ascending impulsive Channel within the four hourly channels. Waiting for price to break and create a continuation correction on the LTF to the downside.
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Price broke above the descending channel on the four hourly. Price is on an ascending channel to the upside, and price doesn't seem to end the correction phase.
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