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US Nas 100
Short

NAS100 - WEEK 15, 2023.

By alrcapitaltv
Even though we have been experiencing fairly bullish price action the last week on indices I am still super short biased in the mid to long term and believe we are just experiencing liquidity getting gathered up before we see one of the craziest fall in price we have seen in a while. That said, I see a possible scenario finally taking place as I type this, we have a potential 4h engulfment in 50 mins at my POI I had placed at 13070-13130 in which also aligns with the 61.8 retracement level. So I have starting scaling in shorts and aiming for 12845, 12515 and lower. I am not convinced this will be the big drop I have been waiting for the last two weeks but I do believe it still has the potential to provide some good trades in the short term.

Let's see.. Keep youse posted.
Trend Analysis
alrcapitaltv
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