NAS100 OUTLOOK
Price is in an uptrend movement but has formed a rising wedge pattern together with 2 strong rejections at the recent high, which might indicate a move to the downside.
Impulse short entries can be taken with TP targeting the key order block and SL above the recent high.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our sells set up with upside potential in the R:R ratio of 1:4.
Price is in an uptrend movement but has formed a rising wedge pattern together with 2 strong rejections at the recent high, which might indicate a move to the downside.
Impulse short entries can be taken with TP targeting the key order block and SL above the recent high.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our sells set up with upside potential in the R:R ratio of 1:4.