Part 12 - Risk-off August - NAS100USD 4H
Updated
NAS100 – Resistance & Support:
Resistance: 7500.00 / 7650.00 / 7725.00 /7800.00
Support: 7300.00 / 7200.00 / 6850.00 / 6600.00 / 6350.00 / 6100.00
Nas100 – Summary:
Expected to complete Intermediate X (purple) structure around the 7500.00 / 7650.00 Levels.
Impulsive Bearish Wave expected to start around the 7500.00 / 7650.00 Levels.
If an overshoot and a Bullish Swing would occur in the Ending Diagonal scenario, then a strong resistance could reflect the 7725.00 Levels.
In case of an imminent spike in volatility and a massive sell-off to occur, then NAS100 could pose sharp losses even until the 6100.00 levels.
Resistance: 7500.00 / 7650.00 / 7725.00 /7800.00
Support: 7300.00 / 7200.00 / 6850.00 / 6600.00 / 6350.00 / 6100.00
Nas100 – Summary:
Expected to complete Intermediate X (purple) structure around the 7500.00 / 7650.00 Levels.
Impulsive Bearish Wave expected to start around the 7500.00 / 7650.00 Levels.
If an overshoot and a Bullish Swing would occur in the Ending Diagonal scenario, then a strong resistance could reflect the 7725.00 Levels.
In case of an imminent spike in volatility and a massive sell-off to occur, then NAS100 could pose sharp losses even until the 6100.00 levels.
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Follow the blue line and you'll be fine!
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