After a retracement to $16980 at the end of April, the NAS100 price started to rise again.
We witnessed a magnificent manipulation on the part of SMC.
Indeed, as explained on my chart, the price accumulated from February 29 to April 16, creating a large range.
The following week, SMC liquidated all buyers below this range, recovered liquidity at $17322 and $17125 and finally retraced into the OTE zone.
The price is currently re-entering the range, and in my opinion, we're heading for a new ATH. The move is likely to be quite violent.
I'm a buyer, and all that's left is to find optimal entry zones.
Feel free to subscribe and boost this post if you liked my analysis, and tell me what you think!
Happy trading and a good week :)
We witnessed a magnificent manipulation on the part of SMC.
Indeed, as explained on my chart, the price accumulated from February 29 to April 16, creating a large range.
The following week, SMC liquidated all buyers below this range, recovered liquidity at $17322 and $17125 and finally retraced into the OTE zone.
The price is currently re-entering the range, and in my opinion, we're heading for a new ATH. The move is likely to be quite violent.
I'm a buyer, and all that's left is to find optimal entry zones.
Feel free to subscribe and boost this post if you liked my analysis, and tell me what you think!
Happy trading and a good week :)