Here’s the updated analysis for NAS100 based on the new price action and context provided:
Updated Analysis and Trade Idea:
The NAS100 has deviated from the previous bearish expectations by forming a higher low at the 20,400 level, signaling renewed bullish strength. On the 4H timeframe, the price is now testing structure highs near 20,610, suggesting a...
Analysis and trade idea:
The NAS100 (US 100 Cash CFD) is currently exhibiting significant bearish pressure after a notable uptrend that faced resistance around the 21,000-21,100 level. This area aligns with a strong supply zone where multiple rejections have occurred, suggesting sellers are actively defending this region.
Technical Breakdown:
• 4-Hour Chart...
