Nas recently pushed to test previous higher highs then pulled back to the downside, testing the previous low zone. If it breaks the zone a nice sell would be present with TP just above the uptrend line acting as support.
If Nas respects the zone and starts pushing to the upside, the pullback will act as a flag and a nice buy would present itself when it pushes past previous highs.
If Nas respects the zone and starts pushing to the upside, the pullback will act as a flag and a nice buy would present itself when it pushes past previous highs.
Comment:
NAS finally closed above the resistance on 1h and 4h time frame, market might push to the upside then retest what was resistance as support. Over all I am looking to buy.
Nas is having difficulties breaking the zone to the downside, the 4-hour candle closed as an engulfing candle above the zone, which acts as the first signal of an uptrend. Waiting for the second confirmation.