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.

Ghi chú

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.

Ghi chú

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.

Ghi chú

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

Profound_Ambition

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.

Profound_Ambition