Greetings Traders!
Current Outlook📊:
Despite the bullish trend on NAS100USD, the market has been consolidating throughout the day. We need to analyze the price action carefully to make an informed decision moving forward.
Key Observationsđź‘€:
Trading Plan🎯:
Feel free to share your analysis, discuss insights, or ask questions below in the comments. Let’s learn and grow together!
Best Regards,
The_Architect
Current Outlook📊:
Despite the bullish trend on NAS100USD, the market has been consolidating throughout the day. We need to analyze the price action carefully to make an informed decision moving forward.
Key Observationsđź‘€:
- Consolidation Range: Price is holding above the 50% Fibonacci level and near the extreme high of 20,842.4.
- Liquidity Engineering:The market is consolidating in a premium price zone, suggesting that liquidity is being engineered. Retail patterns like trendlines and support/resistance may mislead traders into expecting price to respect these levels. In reality, this is often a manipulation tactic by smart money to trigger stops and gather liquidity.
Trading Plan🎯:
- Focus: Rather than selling at resistance, look for buying opportunities targeting liquidity pools above the current consolidation zone.
- Target: Liquidity areas where smart money is likely to enter, above the identified resistance.
Feel free to share your analysis, discuss insights, or ask questions below in the comments. Let’s learn and grow together!
Best Regards,
The_Architect
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.
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.