NAS100USD: Are We Witnessing the Start of a Bullish Takeover?Greetings Traders!
In today’s analysis of NAS100USD, the overall trend remains bearish; however, compelling signs suggest a potential shift toward bullish price action. Here are the key confluences supporting this outlook:
Key Observations:
1. Higher Highs Established:
Recent price action has formed higher highs, indicating a potential shift from breaking bearish structure to targeting bullish objectives.
2. Transition to Buy-Side Curve:
Significant structural breaks suggest a move away from the sell-side curve into the buy-side curve. This transition redefines key bullish order blocks created during the sell-side curve as reclaimed order blocks, now acting as strong institutional support zones.
Reclaimed Order Blocks Explained:
These occur when bullish order blocks, previously hedged during sell-side curve are reclaimed by institutions. The down candles within these zones signal areas where institutions are likely to initiate new buying opportunities.
Trading Strategy:
Entry Zones:
Look for buying opportunities within reclaimed order blocks, which now function as robust institutional support zones.
Targets:
Focus on liquidity pools located at key highs, double tops, or failure swings. These areas serve as institutional profit-taking zones where buy stops reside, offering favorable order pairing opportunities.
By aligning with institutional behavior and following the transition to the buy-side curve, we can strategically capitalize on potential bullish momentum. Stay vigilant and await confirmation before entering trades.
Kind Regards,
The Architect
