NAS100 Areas of Interest.
We have just recently tapped a broken area of structure, and a bullish order block, and we are seeing multiple rejections to the upside.
I believe that this will be a sell to buy scenario, and it is important to monitor the two sell areas marked on the chart. I am much preferring to top zone though, as it usually comes back to fill that area before making a real move to the downside.
Indices in general are losing their power, and it could be a nice hold. Should we see another market crash, it would be lovely to have this sell position!
As always, monitor these zones on the smaller time frame, and look for a shift in momentum to the downside.
Good luck.
We have just recently tapped a broken area of structure, and a bullish order block, and we are seeing multiple rejections to the upside.
I believe that this will be a sell to buy scenario, and it is important to monitor the two sell areas marked on the chart. I am much preferring to top zone though, as it usually comes back to fill that area before making a real move to the downside.
Indices in general are losing their power, and it could be a nice hold. Should we see another market crash, it would be lovely to have this sell position!
As always, monitor these zones on the smaller time frame, and look for a shift in momentum to the downside.
Good luck.