NAS100US30 I will close my long on Nasdaq better till I have a better confirmation to which direction index will go to as the last hour candle changed my plan and made me skeptic and by looking at VIX index There is a huge gap to the upside either. Which means if the index will fill, will be a huge bearish wave at Nasdaq I will wait till price go out of that wide consolation area which happened after the long bullish rally
NAS100USD i traded this short for a while, i am now out of shorts, i use the 8H TF to show that it has not been able to hold on to 21165 during regular maket hours tradingview.com/x/XV1CKPA0/
As expected price retested the previous resistance level at 21,171.6 which aligns up with the 78.6% retracement fib levels. This has now signalled a 5H LH and so now I anticipate price to resume its downtrend to create new LLs.
As I previously mentioned, the downtrend is still valid given the fact the the TFs all need to properly align with their respective HLs.
With the downtrend, I expect that we will get the signalling of the 8H HL as well as higher TFs such as the 23H HL.