NAS 100 TRADE UPDATE DESCENDING CHANNEL FORMING TARGETING 10,515
9/26 XAU BROKE THE TRIANGLE TO THE DOWNSIDE AND CURRENTLY IS IN
THE BUY ZONE THERE WAS A RARE TWEEZER BOTTOM MADE ON FRIDAY
WHICH MEANS WE SHOULD SEE THE MARKET START TO PUSH BULLISH. WITH
THE USDX BEING OB WE SHOULD SEE PAIRS CORRELATED WITH THE JPY,
EUR, AUD & NZD SHOW SIGNS OF RETRACEMENT BEFORE STARTING TO
PUSH AGAIN BEARISH. IF THIS HAPPENS THE PAIR WILL COMPLETED THE
R5 MOVE TO THE DOWNSIDE.
POS 53%
ENTRY: WAIT UNTIL A COUNTER TREND LINE ON THE 2HR AND RETEST BELOW THE DESCENDING CHANNEL
WEEKLY: DOWN R5
DAILY: DOWN R2
ENTRY: CTL 2HR R2
POS: 71%
THE BUY ZONE THERE WAS A RARE TWEEZER BOTTOM MADE ON FRIDAY
WHICH MEANS WE SHOULD SEE THE MARKET START TO PUSH BULLISH. WITH
THE USDX BEING OB WE SHOULD SEE PAIRS CORRELATED WITH THE JPY,
EUR, AUD & NZD SHOW SIGNS OF RETRACEMENT BEFORE STARTING TO
PUSH AGAIN BEARISH. IF THIS HAPPENS THE PAIR WILL COMPLETED THE
R5 MOVE TO THE DOWNSIDE.
POS 53%
ENTRY: WAIT UNTIL A COUNTER TREND LINE ON THE 2HR AND RETEST BELOW THE DESCENDING CHANNEL
WEEKLY: DOWN R5
DAILY: DOWN R2
ENTRY: CTL 2HR R2
POS: 71%
