NAS continues to push higher and based on the Daily Time Frame we are still bullish.
However, on the 1H time frame, the Order Flow seems to be shifting to the downside and I will be looking for a sell opportunity. This is not me calling the top but based on the 1H time frame, the bullish price structure has been fractured.
I could have sold the break of support at 16293 area but the Risk to Reward is not appealing to me. So what do I want to see before I can sell?
1. I would like to see the price push up to the 'SELL BOX' range of 16414 and 16349 and look for sell. If the price breaks and closes above the box, my sell bias will be invalidated.
2. If the price breaks below 16142, I will look to buy from 16009 area and ride back to the SELL BOX before looking to sell again.
I hope this makes sense.
Feel free to ask me any questions you may have.
However, on the 1H time frame, the Order Flow seems to be shifting to the downside and I will be looking for a sell opportunity. This is not me calling the top but based on the 1H time frame, the bullish price structure has been fractured.
I could have sold the break of support at 16293 area but the Risk to Reward is not appealing to me. So what do I want to see before I can sell?
1. I would like to see the price push up to the 'SELL BOX' range of 16414 and 16349 and look for sell. If the price breaks and closes above the box, my sell bias will be invalidated.
2. If the price breaks below 16142, I will look to buy from 16009 area and ride back to the SELL BOX before looking to sell again.
I hope this makes sense.
Feel free to ask me any questions you may have.
