NAS100 - Market Structure, Confluence & FIB

20 באוג׳

Dear Friends in Trading,

How I see it,

Keynote:
I missed the big drop, not sure if investors will try to recover before Friday's
Retail data and Powell speech.

1) I will look for quality scalping Long / Short opportunities till then.
2) I indicated the confluences - price action may rocket or drop
strongly between them.

Let me know if anything is unclear.

I sincerely hope my point of view offers a valued insight.

Thank you for taking the time study my analysis.

20 באוג׳

הערה

Potential Support @ 22771
Key Resistance now @ 23278

20 באוג׳

הערה

Watch 23000 psychological level.
Otherwise, Liquidity pool @ 22771

20 באוג׳

הערה

U.S. Treasury yields dipped on Tuesday as investors braced for a key central bank gathering later this week for a sense of whether the Federal Reserve will resume cutting interest rates next month.

Fed Chair Jerome Powell is due to speak on Friday on the economic outlook and monetary policy path at the U.S. central bank's annual symposium in Jackson Hole, Wyoming.

20 באוג׳

הערה

FOMC minutes later - Be Safe.
Institutions are closing LONG positions