NAS100 is slowly returning into an uptrend after the false break out in the previous week. Take note that price is still hovering between the 20 & 50 EMA on D1.Confirmation of the uptrend can partly be concluded after the break and retest of the ascending channel @ 13449.56. I am of the idea that NAS100 will still range around the 13200 area until it creates a descend support for it to spike upwards
My Conditons for a buy order will be
1). Break and retest of the channel Line
2) Stop loss @ previous day Low
3) Target @ 13920.00
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Risk Disclaimer
My Analysis is a sentiment for the upcoming Week/ Month and should never be treated as a trading recommendation
Trade this sentiment based off your own entry strategy at the right time
All TRADING involves high risk and YOU can LOSE a substantial amount of money, no matter what method you use. All trading involves high risk; past performance is not necessarily indicative of future results. Carefully consider if this trading is appropriate for you. Always limit your leverage and only use funds you are willing to lose🙏
My Conditons for a buy order will be
1). Break and retest of the channel Line
2) Stop loss @ previous day Low
3) Target @ 13920.00
Share , Like & Comment
Risk Disclaimer
My Analysis is a sentiment for the upcoming Week/ Month and should never be treated as a trading recommendation
Trade this sentiment based off your own entry strategy at the right time
All TRADING involves high risk and YOU can LOSE a substantial amount of money, no matter what method you use. All trading involves high risk; past performance is not necessarily indicative of future results. Carefully consider if this trading is appropriate for you. Always limit your leverage and only use funds you are willing to lose🙏
