Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently approaching a quite strong previous structure area exactly at $13500 which is now turned quite strong resistance once again.
You can also see that Nas100 recently had a quite agressive rally of about 15% towards the upside, perfectly following my last predictions on this asset, but now I think that we are ready for a short term correction so I am now just waiting for an opportunity to get short at the weekly resistance area.
On the daily timeframe you can also see that we are retesting resistance, we also aready created some bearish structure with today's price action so I am now just waiting for a good short entry to then capitalize on a short term rejection away from the resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently approaching a quite strong previous structure area exactly at $13500 which is now turned quite strong resistance once again.
You can also see that Nas100 recently had a quite agressive rally of about 15% towards the upside, perfectly following my last predictions on this asset, but now I think that we are ready for a short term correction so I am now just waiting for an opportunity to get short at the weekly resistance area.
On the daily timeframe you can also see that we are retesting resistance, we also aready created some bearish structure with today's price action so I am now just waiting for a good short entry to then capitalize on a short term rejection away from the resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
