NASDAQ100 │ NAS100 │ MONTHLY OUTLOOK │ BULLISH RUN INCOMING
Monthly-timeframe
After an extensive bull run breaking all-time highs since December 2023, the bulls are finally taking a breather and price is retracing towards November 2021 all-time highs, will this old level of resistance hold price as support? Time will tell but this market is extremely bullish and unless a crash is due, this is just an opportunity to buy at discounted levels
Reference
As seen in the chart below, not even the crash in 2020 could hold price below the 2018 highs.
Daily-timeframe
A clear down trend has commenced with virtually no pullback, further supporting my theory that the market is just pulling back from the over 100-day Bull Run we had.
Four-hour timeframe
The motive is clear, price is trending beautifully to the downside and we can take advantage of the need of the market to go lower on the 15-minute timeframe thereby taking advantage of this four-hour trend
Final Thoughts
Do not be in a rush; wait for a higher timeframe to switch bullish once we reach our POI. No need to catch a sniper entry in runs like the one coming up
After an extensive bull run breaking all-time highs since December 2023, the bulls are finally taking a breather and price is retracing towards November 2021 all-time highs, will this old level of resistance hold price as support? Time will tell but this market is extremely bullish and unless a crash is due, this is just an opportunity to buy at discounted levels
Reference
As seen in the chart below, not even the crash in 2020 could hold price below the 2018 highs.
Daily-timeframe
A clear down trend has commenced with virtually no pullback, further supporting my theory that the market is just pulling back from the over 100-day Bull Run we had.
Four-hour timeframe
The motive is clear, price is trending beautifully to the downside and we can take advantage of the need of the market to go lower on the 15-minute timeframe thereby taking advantage of this four-hour trend
Final Thoughts
Do not be in a rush; wait for a higher timeframe to switch bullish once we reach our POI. No need to catch a sniper entry in runs like the one coming up
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