Having reached its all-time high on March 08, the NAS100 is currently undergoing a major accumulation phase (range).
This makes it very difficult to take a position in such a market.
However, SMC could come in and manipulate the price, by liquidating all buy positions below this range, looking for an ASL located in the OTE zone, in order to start climbing again, and why not go for a new high.
Major economic announcements are expected today. Movement is expected.
Don't hesitate to post a comment to tell me what you think, as well as a boost on this post if you enjoyed my analysis!
Have a great weekend! Happy trading :)
This makes it very difficult to take a position in such a market.
However, SMC could come in and manipulate the price, by liquidating all buy positions below this range, looking for an ASL located in the OTE zone, in order to start climbing again, and why not go for a new high.
Major economic announcements are expected today. Movement is expected.
Don't hesitate to post a comment to tell me what you think, as well as a boost on this post if you enjoyed my analysis!
Have a great weekend! Happy trading :)