Bullish bias
Based on the Monthly Structure Nas100 is Bull, Based on the weekly structure Nas100 is bear. The bear structure could either be the start of a new bear trend on the monthly or could just all be consolidation before higher monthly highs. As price has tested the weekly structure's low on 3 separate weeks already without closing below it, its safe to assume this is all just consolidation and price will creating higher monthly highs in the coming weeks.
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Note
Trade active
Looks like they have enough contracts to continue going long.
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Note
As its the 3rd day of rise (level 3 on the hourly) we may get a reversal back to yesterday's Low or market may bounce off Tuesday's high and continue the bull movement..Waiting for 1 hour candle stick pattern for confirmation.
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Idea for this week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.