US Nas 100

NAS100...Ever The Bullish Instrument Part 15

This week as usual, I am continuing with my bullish bias due to the fact that all the larger timeframes are still maintaining their HL structure.

A quick glance at the H1/H2 will show that a new Low has been formed...(one direct and one segmented). However, this does not affect the bias of the overall structure as when you zoom out and examine the larger timeframes, you will see that the structure is still being maintained on the largest timeframes the daily and above.

Last week price traded above the current H1/H2 trendline before the break on Friday.
This to me does not indicate a break in structure, however a temporary retracement to set up another HL for the larger timeframes.

If you have been tracking the Highs, you would have noticed that while they have been LH's since the last ATH back in December, they are still tracking higher, which confirms that the market is still in a consolidatory state and it will only be a matter of time before the ATH is broken again.

What does this mean for this week?

1. I still enter on my largest HL and exit on my HH's
a. In the event that I only get a LH...I take my profit and wait for another HL

2. My TP levels for 2025 still remain the same and I patiently trade the trend.

3. Continue being patient as I wait for the ATH to be broken again.

Remember this a marathon and not a sprint and as such consistency is going to be of utmost importance.

Have a great week and remember to always journal your trades, do not rush your entries and most of all trust your analysis as long as you are trading the trend.

#oneauberstrategy
#aubersystem
#auberstrategy
#whywewait
#patience
#zigzagtheory

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