1hour Nas100

6 May 2023

On the 1hour chart of nas100, a ranging period is observed. The market has hit the range at 3 different points (2 at the top, 1 at the bottom). Before the bullish breakout is observed (refer to the link attached), the market will have to even out the number of times it has hit the range therefore the move in the range would be a bearish one.