Cedwa001

NAS100 Weekly Analysis 1/15

Short
OANDA:NAS100USD   US Nas 100
01/15 @ 7:00 pm EST
1. Beach Levels
M BTW +1 & +2 @17026.1
W BTW 5 & 6 @17026.1
D 7/8 16875
4H 7/8 16796.9
1H 6/8 16796.9
M30 4/8 16796.9

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

3. Channels
M- Bullish; Middle
D- Bullish; B/o Downside
4H- Bullish; BTW Middle & Bottom
1H- Bullish; B/o Downside
M30-

4. Fib
Day Buy Fib 8/21
Hit -38.2 extension
4H Buy Zone
50 @ 15530.6
61.8 @ 15186.1
H1 Buy Zone
50 @ 16350.2
61.8 @ 16199.0
Hit 11.5 TP
M30 Sell Zone
50 @ 16774.1
61.8 @ 16805.5

If price breaks above 16908, look for buys to @16953 @16986.4 @17031.3 Swing @17500.
If price breaks below 16762.1 (1-2 M30 candle close below zone) look for sells down to @16718.8 @16679.7 @ 16640.6 @16601.6 @16562.5

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

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