Nasdaq waiting - Key level

FX:NAS100   NASDAQ 100 Index
8000 barrier on Nasdaq

If the price manages to break completely the Key level @8000 & trade above it, bullish scenario will be confirmed.
To enter a buy trade we’ll then need confirmation on multiple time frames M5, M15, or H1 (i.e Breakout and Retest of the KeyLevel.

If price fails completely to break Key Level @8000 (meaning if the price trades below @8000. xx ) we’ll then wait for confluences like Rejections/Pinbars to sell in lower timeframes.

We are staying Neutral at this moment until more price action takes place.


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