Long
Nasdaq 100 Waiting for a buying opportunity
Trend: Bullish;
Level: 10500.0 support area; 11500.0 resistance;
Signal: Pin-Bar and a couple of tailed bars (but they are far from;
Summary: A Pin-Bar and some tailed bars had formed, but would be risky trading them - too far from support area. Although they are a good indication of the support buying strength. Overall, retracement momentum looks to be slowing down. Will look for PA long opportunities near 10500.0. In case a missed out trade still will be possible to enter above the resistance area.
Target: 12300.0;
Level: 10500.0 support area; 11500.0 resistance;
Signal: Pin-Bar and a couple of tailed bars (but they are far from;
Summary: A Pin-Bar and some tailed bars had formed, but would be risky trading them - too far from support area. Although they are a good indication of the support buying strength. Overall, retracement momentum looks to be slowing down. Will look for PA long opportunities near 10500.0. In case a missed out trade still will be possible to enter above the resistance area.
Target: 12300.0;
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