NAS100 Short Term Bearish, Overall Long Term Bullish!!!
April 24, 2022
Weekly- LT: Bullish
ST: High possibility price touches weekly trend line in about 100 points. Price is in weekly market structure (Yellow). This will finish weekly retracement for a continuation of a weekly bullish trend.
Daily- LT: Overall trend Bullish
ST: High possibility of price reaching lower Daily Market structure
4 Hour- Broke previous lower 4 hours structure (Purple).
High possibility of price reaching previous 4-hour structure/liquidity area
Strong support/Psych level at 13,288.5.
ST: Short
After short movement is matured, high possibility of price transitioning into a bullish/long movement.
Weekly- LT: Bullish
ST: High possibility price touches weekly trend line in about 100 points. Price is in weekly market structure (Yellow). This will finish weekly retracement for a continuation of a weekly bullish trend.
Daily- LT: Overall trend Bullish
ST: High possibility of price reaching lower Daily Market structure
4 Hour- Broke previous lower 4 hours structure (Purple).
High possibility of price reaching previous 4-hour structure/liquidity area
Strong support/Psych level at 13,288.5.
ST: Short
After short movement is matured, high possibility of price transitioning into a bullish/long movement.