NAS100 Weekly Analysis 5/7

8 במאי 2024

5/6 @ 7:46 pm EST
1. Beach Levels
M 7/8 17500
W BTW 6 & 7 @ 18084 CMP
D 6/8 18125
4H 8/8 18125
1H 8/8 18125
M30 8/8 18125
2. Waves
Day: OB Buying; O Mid Buying
4H: OB Buying
1H: OB Selling (Bear Divergence)
M30: OB Selling
3. Channels
M- Bullish; Near top
W- Bullish; Middle
D- Bullish; B/o downside w r/t
4H- Bearish; Top
1H- Bullish; Top
M30- Bullish; Bottom
4. Fib
Day Buy Zone
50 @ 16240.7
61.8 @ 15738.9
4H Buy Zone
50 @ 17366.6
61.8 @17103.3
Reached 23.6 after 61.8.
1H Sell Zone
50 @ 17684.8
61.8 @ 17839.1
Reached 23.6 after 61.8. Looking for price to push down to 11.5.
M30 Buy Zone
50 @ 17746.6
61.8 @ 17663.6

Looking for sells due to waves and beach levels on 4H/1H/M30. Wait for price to break out of M30 channel to the downside or below 18056.4. Possible TPs @18024 @17968.8 @17890.6 @17812.5 @17734.4 @17656.3.

If price breaks above 18195, look for buys up to @18250 @18281.3 @18334.2.

Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.