US 100 Cash CFDLong
NAS100 UPDATE
1. “Price can come to take out the inner SSL $$$ then resume bullish trend”:
• If there’s an inner swing low (SSL), price may take it out to trigger resting stop-loss orders (stop hunt or liquidity grab) before continuing the bullish trend. This aligns with smart money concepts (SMC) where liquidity zones are targeted.
2. “Resting liquidity below the 50% Fib”:
• If there’s liquidity below the 50% Fibonacci retracement level, it could act as a magnet for price. Once cleared, the market might show signs of reversal or continuation, depending on how it interacts with the zone.
3. “Support forming?”:
• If price respects the Fibonacci level or other significant zones (demand areas or order blocks), it could indicate support formation, signaling a potential entry point for longs if confirmations align.
• If there’s an inner swing low (SSL), price may take it out to trigger resting stop-loss orders (stop hunt or liquidity grab) before continuing the bullish trend. This aligns with smart money concepts (SMC) where liquidity zones are targeted.
2. “Resting liquidity below the 50% Fib”:
• If there’s liquidity below the 50% Fibonacci retracement level, it could act as a magnet for price. Once cleared, the market might show signs of reversal or continuation, depending on how it interacts with the zone.
3. “Support forming?”:
• If price respects the Fibonacci level or other significant zones (demand areas or order blocks), it could indicate support formation, signaling a potential entry point for longs if confirmations align.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.