Nas100 made yesterday a new all-time high just under 12700 zone, the reversal from that point was violent and I think we have a top in place.
Now the index is sitting on the old all-time high support now and a break here would confirm that the break above it was in fact a false one and the index is ready to correct.
My first target for this drop is 11500
Since March, Nas100 almost doubled its value reaching a high of 12500.
Now this resistance is confirmed with a second drop from this zone and it can transform in a double top pattern if we'll have a break of support.
In my opinion, this will be the outcome for Nas100 and I will look to sell rallies.
Only a new all-time high will put a pause on this bearish outlook
''PREVIOUS MOVEMENT DOES NOT DETERMINE FUTURE DIRECTION''
. NAS100 USUALLY MOVES STRONG WHEN NEWS ARE INVOLVED, ELCTIONS,STIMULUS,EARNINGS. NEED TO BE VERY CAREFUL, USE PROPER RISK MANAGEMENT.
We Have an Analysis Of NAS 100 H4. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the Market has a Bullish Direction Because The Market Price Already Decline From the Previous support with the Trend line also Retest. So according to this Market will keep moving to an uptrend. Two ✌️ new levels (resistance) @11399.8 &...
This analysis for NAS100 on time frame 4 Hours. Nas100 update new entry point!
We can ENTRY when the market open or wait retracemment till entry point than we can entry "BUY"
GREEN - TAKE PROFIT
YELLOW - ENTRY
RED - STOP LOSS
If your entry already & running in profit to TP1 move your SL upper 5 Pips to entry point, if already running in profit to TP2 move your...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
