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US 100 Cash CFD

NAS100 on 4 Hour

289
I will be monitoring price at the key zone of resistance above for a potential rejection & move back to the downside again. This zone has acted as powerful resistance multiple times and with a clear rejection sellers could push price lower again.
Note
snapshot Daily: 3 previous rejections on the daily timeframe at the key resistance zone, which is also the last Lower high of the current structure.
Note
snapshot Hourly Timeframe: Closer look at the zone and the previous reactions there.
Note
snapshot That was quite a move today off resistance for 150 pips to the downside.
Note
snapshot Over a 500 pip drop today on NAS100 wow! Also a beautiful trend reversal pattern played out
Profound_Ambition
Supply and DemandSupport and ResistanceTrend Analysis

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Supply and DemandSupport and ResistanceTrend Analysis
Profound_Ambition

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.