NAS100 Weekly Analysis 3/4

5 thg 3, 2024

3/4 @ 6:35 pm EST
1. Beach Levels
M 7/8 17500
W BTW 6 & 7 @ 18212 CMP
D +1 @ 18125
4H 5/8 18281.3
1H 5/8 18203.1
M30 6/8 18203.1

2. Waves
Day: OB Buying (Sell Divergence)
4H: OB Buying; Y OS Selling
1H: OS Selling
M30: OS Selling

3. Channels
M- Bullish; Near top
W- Bullish; Above
D- Bullish; BTW Middle & Bottom
4H- Bullish; BTW Top & Middle
1H- Bullish; BTW Middle & Bottom
M30- Bullish; B/o downside

4. Fib
4H Buy Fib
Looking price to reach -61.8 @18750
M30 Buy Zone
50 @ 18171.9
61.8 @ 18133.3

3/4
Price moved to the downside yesterday so now we're going to see how long price sells. If price breaks below 18046.9, look for sells to @18025 @17979 @17937 @17883 @17812.5 (Based on 1H beach levels and zones)

If price comes to the bottom of 1H channel and waves are OS buying on M30+1H+4H could see a move continuing higher. The target would be 18437.5 (if beach levels shift use beach levels).

3/3
If price breaks below 18281.3 can look for sells to @18203.1 @18125.
If price breaks above 18340, look for buys up to 18437.5.

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