NAS100USD So we broke the daily trend line that I’ve talked about not too long ago the one that started uptrend from 16300. Now we have had this happening back in December as well. We will bounce but breakdown is even more plausible now 🙏 CPI/PPI will be interesting. Don’t get caught into ATH euphoria without truly understanding the background.
Holding buys from 22667 double EMA, this is very likely daily low given the ranges required.
I’ve moved my SL to BE already just in case but we will likely continue. 4H candle has huge potential for 23k, if it will use it that’s another story.
Be warned below 22,733 strong bearish wave If we stay above 22,800 strong bullish
NASDAQ Also, price just kissed the trendline here. Layered confluence. On the daily, this “dump” still looks like a minor consolidatory ripple in the broader uptrend.
NASDAQ If you combine the HH/LL indicator with Bollinger Bands on the 4H, you’ll spot a HL right at the lower BB, plus price is sitting at the 0.786 Fib retracement. That’s often a strong entry zone for trend continuation.
NAS100USD So we broke the daily trend line that I’ve talked about not too long ago the one that started uptrend from 16300. Now we have had this happening back in December as well. We will bounce but breakdown is even more plausible now 🙏 CPI/PPI will be interesting. Don’t get caught into ATH euphoria without truly understanding the background.
