NAS100
I want to say "control C and then control V" from the US30 analysis but we are not parents that believe all their children are the same. They may have similar traits but they are not the same.
Zoom out and you'll see that the current phase is a correction after the touch on the BLUE LINE, it impulsed up and is now correcting. We are waiting for impulsive candles which will show us direction and demand of that direction.
1. Reversal within the channel
2. 3rd touch on the smaller 15min channel (Top Part)
3. Candles have reduced in size, indicating a smaller demand = less supply
Zoom out and you'll see that the current phase is a correction after the touch on the BLUE LINE, it impulsed up and is now correcting. We are waiting for impulsive candles which will show us direction and demand of that direction.
1. Reversal within the channel
2. 3rd touch on the smaller 15min channel (Top Part)
3. Candles have reduced in size, indicating a smaller demand = less supply
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.