Get started
Updated

NAS100 H4

225
Price has reached the monthly retest zone along with the ascending trend line & 61.8 fibonacci retracement. This could be a big indication that price could be preparing to move higher again. Although, currently price has broken the last higher low structure support, so in order to get proper confirmation a conservative approach would be too look for price to break above the structure again & retest as support for confirmation to look for long positions on indices again. We must wait for price action to develop early this week in this key region..

If price is to break this region to the downside sharply, then we can also look for more downside movement to come.
Note
snapshot Monthly: Retest level
Note
snapshot Previous resistance structure retest
Note
snapshot On 30 minute a lower boundary trendline has been identified & it is also a 3rd touch that occurred which could bring in a powerful movement to the upside
Note
snapshot US dollar index channel, key level, structure, downtrend, cycle length to the bottom of the channel can occur below this region as well.
Note
snapshot +250 Pip move today!
Profound_Ambition
IndicesNASDAQ 100 CFDnasdaqSupply and DemandSupport and ResistanceTrend Analysis

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.
IndicesNASDAQ 100 CFDnasdaqSupply 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.