NAS100 on 4 Hour

Price last week made a nice correction back lower, & is rejecting in a key area looking left that has acted as powerful support, along with resistance structure. If price remains above this key region I am anticipating for buyers to push price back to the upside to continue the overall uptrend.

הערה

30 Minute Timeframe: Price previously formed a double bottom formation, & broke the neckline / retested looking left & a strong impulsive move to the upside took place from this same zone. Price has now tested this zone twice recently forming another potential double bottom, & may be preparing for another move towards resistance again this week.

הערה

Update: Choppy price action this morning in the main area of interest yesterday, however now price has puled back down to a previous area of support, & if price rejects / holds there a move back up could take place next.

הערה

Price today formed a double bottom at the newer zone of interest

Profound_Ambition

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.

Profound_Ambition