What to watch out for on NAS100 today during New York Session
What to watch out for on NAS100 today during New York Session.
Technically, the index is still in its consolidation state, trading within a wedge pattern. It is also trading above 38.2% fib level.
On 1 hour timeframe, RSI is below the bearish territory, suggesting that the index's momentum is to the downside. Not knowing where it would be headed from here I will look out for few of these confirmations for direction and perhaps entry:
I want to see a rejection and bounce up from the 38.2% fib level with a strong bullish candle closing above the 38.2% fib level on lower timeframe for long position with target at 12700.00 and 12900.
on the other hand, if 38.2% fib level gets violated to the bottom, I will be careful to wait for strong bearish momentum at least with a strong bearish candle closing below 38.2% fib level to go short with target at 12049.54.
Whatever the move will be, will wait, watch and prepared to capitalize on it.
Do your own analysis before pulling the trigger!
Like this idea if you find it helpful.
Trade smart and Big Love!
Technically, the index is still in its consolidation state, trading within a wedge pattern. It is also trading above 38.2% fib level.
On 1 hour timeframe, RSI is below the bearish territory, suggesting that the index's momentum is to the downside. Not knowing where it would be headed from here I will look out for few of these confirmations for direction and perhaps entry:
I want to see a rejection and bounce up from the 38.2% fib level with a strong bullish candle closing above the 38.2% fib level on lower timeframe for long position with target at 12700.00 and 12900.
on the other hand, if 38.2% fib level gets violated to the bottom, I will be careful to wait for strong bearish momentum at least with a strong bearish candle closing below 38.2% fib level to go short with target at 12049.54.
Whatever the move will be, will wait, watch and prepared to capitalize on it.
Do your own analysis before pulling the trigger!
Like this idea if you find it helpful.
Trade smart and Big Love!
Yorum:
It reached our first (long) target (12700)
