NAS100 Weekly Analysis 1/28
01/28 @ 7:48 pm EST
1. Beach Levels
M +2 17500
W 6/8 17500
D 8/8 17500
4H 7/8 17343.8
1H 1/8 17382.8
M30 1/8 17382.8
2. Waves
Day: OB Selling
4H: OS Selling
1H: OS Selling
M30: OS Buying
3. Channels
M- Bullish; BTW Middle & Top
D- Bullish; Middle
4H- Bullish; BTW Top & Middle
1H- Bullish; B/o Downside
M30- Bearish; BTW Middle & Bottom
4. Fib
Day Buy Fib 8/21
Hit -61.8 @17651
4H Buy Zone
50 @ 15530.6
61.8 @ 15186.1
23.6 retracement Almost hit -27 @ 17771.9
H1 Buy Zone
50 @ 16961.2
61.8 @ 16792.5
In area of consolidation. Selling market structure starting to form on the lower TF. Waves are OB selling on day but OS on lower TF so could push up a little before selling. Confirmation for a sell would be the break of the previous low at 17320. Possible TPs @17265.6 @17204 @17130 @17032 @16950.
If price breaks out of the M30 channel to the upside or breaks above previous high at 17520, look for buy opportunities because price would be breaking the minor selling market structure. Possible buy TPs @17578 @17617 @17656 @17771 @17812.5
Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.
1. Beach Levels
M +2 17500
W 6/8 17500
D 8/8 17500
4H 7/8 17343.8
1H 1/8 17382.8
M30 1/8 17382.8
2. Waves
Day: OB Selling
4H: OS Selling
1H: OS Selling
M30: OS Buying
3. Channels
M- Bullish; BTW Middle & Top
D- Bullish; Middle
4H- Bullish; BTW Top & Middle
1H- Bullish; B/o Downside
M30- Bearish; BTW Middle & Bottom
4. Fib
Day Buy Fib 8/21
Hit -61.8 @17651
4H Buy Zone
50 @ 15530.6
61.8 @ 15186.1
23.6 retracement Almost hit -27 @ 17771.9
H1 Buy Zone
50 @ 16961.2
61.8 @ 16792.5
In area of consolidation. Selling market structure starting to form on the lower TF. Waves are OB selling on day but OS on lower TF so could push up a little before selling. Confirmation for a sell would be the break of the previous low at 17320. Possible TPs @17265.6 @17204 @17130 @17032 @16950.
If price breaks out of the M30 channel to the upside or breaks above previous high at 17520, look for buy opportunities because price would be breaking the minor selling market structure. Possible buy TPs @17578 @17617 @17656 @17771 @17812.5
Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.
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