Nas100 16th July

Jul 16, 2023

Nas100 was fully bullish until Friday we had a break down of our last swing low bringing us into a sell side bias, although we have see a shift lower the break was weak and didn't carry a huge amount of momentum. as well as not putting in a new swing structure (SWL) we are waiting for this new sell side range to confirm before taking any trades on this one.

Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.

We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!