NAS100 showing choppy movements after hitting ATH. Respecting lows from previous strong Demand zone. Showing signs of finishing current downtrend. Marked up lower highs which will function as TP checkpoints for reversal move.
Marked off key areas. Made new ATH. Showing long term uptrend and small term downtrend. Recently broken few support zones and closing in on bigger support zone. Showing small signs of sideways movements to generate small correction before going down to bigger support zone for potential big reversal.
Showing a clear uptrend on bigger timeframes. Been rejected by strong support area last week and also respected a big resistance zone. We are hoping for another touch in the in smaller support areas before continuing towards ATH. Short scalp idea. Bigger trend continuation BUY IDEA.
Big time frame uptrend breaking previous ATH. Currently in short time frame downtrend accumulating strenght for new breaks. Strong resistance at this moment. Possible short term sell scalp and big long term buy idea.
In general uptrend seen on bigger timeframes. Getting close to previous reaction zones. Scalp and swing trade idea. Hitting reversal zones before shooting for the sky again.