Cedwa001

NAS100 Weekly Analysis 2/12

OANDA:NAS100USD   US Nas 100
02/12 @ 8:17 pm EST
1. Beach Levels
M 7/8 17500
W 6/8 17500
D BTW 8 & +1 CMP @17848.8
4H 6/8 17812.5
1H 4/8 17812.5
M30 1/8 17851.6

2. Waves
Day: OB Selling
4H: OB Selling
1H: OS Buying; O OS Selling
M30: OS Buying

3. Channels
M- Bullish; BTW Middle & Top (Near top)
D- Bullish; BTW Middle & Bottom
4H- Bullish; Top
1H- Bullish; B/o downside
M30-

4. Fib
Day Buy Fib 8/21
Hit -61.8 @17651
4H Buy Zone
Hit -27 @ 17771.9
H1 Buy Zone
50 @ 17584.2
61.8 @ 17479.1
M30 Buy Zone
50 @ 17765.3
61.8 @ 17703.7
M15 Sell Zone
50 @ 17933.1
61.8 @ 17955

Waves are OB Selling on higher TF and just recently noticed BOS on minor TF. Looking for a pullback into M15 sell zone then sell continuation. If price breaks below 17819.2 looking for sells into M30 buy zone to as far as next major zone @17680. Then waiting to see how price reacts at the major zone.

If price breaks above 17981, look for buys up to 18125.

Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.

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