US Nas 100Short
NAS100 Weekly Analysis 4/29
4/29 @ 7:01 pm EST
1. Beach Levels
M 7/8 17500
W 6/8 17500
D 5/8 17812.5
4H 6/8 17812.5
1H 8/8 17812.5
M30 8/8 17812.5
2. Waves
Day: OB Buying; O OS Buying
4H: OB Selling
1H: OB Buying (Bear Divergence)
M30: OB Selling
3. Channels
M- Bullish; Near top
W- Bullish; Middle
D- Bullish; B/o downside w r/t
4H- Bearish; BTW Middle & Top
1H- Bullish; Top
M30- Bullish; B/o downside
4. Fib
Day Buy Zone
50 @ 16240.7
61.8 @ 15738.9
4H Buy Zone
50 @ 17366.6
61.8 @17103.3
Reached 23.6 after reaching 61.8. Looking to see if price will push up to the 11.5.
1H Sell Zone
50 @ 17684.8
61.8 @ 17839.1 -> 17799.8 CMP
M30 Buy Zone
50 @ 17522.3
61.8 @ 17453.5
Based on 4H/1H/M30 waves being OB and price being at the 8/8 on 1H/M30 TF looking for a move to the downside. Price is currently failing to make HH so looking for a confirmed LL. If price breaks below 17717.2, look for sells down to @17680 @17656 @17620 @17578 @17540 @17500.
If price breaks above 17850, price has created a HH and may continue to push up before selling. Possible buy TPs @17890 @17935 @17960.
Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.
1. Beach Levels
M 7/8 17500
W 6/8 17500
D 5/8 17812.5
4H 6/8 17812.5
1H 8/8 17812.5
M30 8/8 17812.5
2. Waves
Day: OB Buying; O OS Buying
4H: OB Selling
1H: OB Buying (Bear Divergence)
M30: OB Selling
3. Channels
M- Bullish; Near top
W- Bullish; Middle
D- Bullish; B/o downside w r/t
4H- Bearish; BTW Middle & Top
1H- Bullish; Top
M30- Bullish; B/o downside
4. Fib
Day Buy Zone
50 @ 16240.7
61.8 @ 15738.9
4H Buy Zone
50 @ 17366.6
61.8 @17103.3
Reached 23.6 after reaching 61.8. Looking to see if price will push up to the 11.5.
1H Sell Zone
50 @ 17684.8
61.8 @ 17839.1 -> 17799.8 CMP
M30 Buy Zone
50 @ 17522.3
61.8 @ 17453.5
Based on 4H/1H/M30 waves being OB and price being at the 8/8 on 1H/M30 TF looking for a move to the downside. Price is currently failing to make HH so looking for a confirmed LL. If price breaks below 17717.2, look for sells down to @17680 @17656 @17620 @17578 @17540 @17500.
If price breaks above 17850, price has created a HH and may continue to push up before selling. Possible buy TPs @17890 @17935 @17960.
Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.
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.