Cedwa001

NAS100 Weekly Analysis 3/17

OANDA:NAS100USD   US Nas 100
3/10 @ 7:43 pm EST
1. Beach Levels
M 7/8 17500
W BTW 6 & 7 @ 18018.8 CMP
D 5/8 18125 (reset)
4H 0/8 17812.5
1H 0/8 17812.5
M30 1/8 17851.6

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

3. Channels
M- Bullish; Near top
W- Bullish; Top
D- Bullish; B/o downside
4H- Bullish; Near bottom
1H- Bearish; Near middle
M30- Bearish; BTW middle & bottom

4. Fib
4H Buy Fib
Looking price to reach -61.8 @18750
M30 Sell Zone
50 @ 17937.8
61.8 @17972.2

Looking for price to pullback into sell zone/top of M30 channel. Once in that area can look for moves to the downside if lower tf waves algin for sell (M30 + H1) or you have confirmation from CC + value zone + BOS. Possible Tps @17890 @17812.5 @17734.4 @17680.7

If price breaks out of M30 channel to the upside, look for buys up to top of 1H channel @18125. If price breaks out of 1H channel to the upside, look for buys up to 18437.5 (use beach levels for TPs in between).

Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea. Website coming in the next week or two.

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