๐จ NASDAQ #100# Analysis ๐จ
I'm currently watching the NASDAQ (US100) ๐, and in my view, it's looking overextended. Price is now trading into previous daily highs ๐ without showing a meaningful retracement. Historically, when we look back at the chart, we rarely see such strong rallies without some form of pullback ๐.
A healthy trend typically follows a natural rhythm โ rally, retrace, rally or expand, pull back, expand again. In this case, that retracement is missing โ, which raises caution flags for me ๐ฉ.
๐ฅ In the video, I break down:
Price action & market structure ๐งฉ
The current trend ๐๐
A potential long opportunity โ but only if price pulls back into my point of interest (POI) ๐งฒ and we then get a bullish break in market structure (BoS) ๐ข.
๐ This is not financial advice. Always do your own research and trade responsibly!
I'm currently watching the NASDAQ (US100) ๐, and in my view, it's looking overextended. Price is now trading into previous daily highs ๐ without showing a meaningful retracement. Historically, when we look back at the chart, we rarely see such strong rallies without some form of pullback ๐.
A healthy trend typically follows a natural rhythm โ rally, retrace, rally or expand, pull back, expand again. In this case, that retracement is missing โ, which raises caution flags for me ๐ฉ.
๐ฅ In the video, I break down:
Price action & market structure ๐งฉ
The current trend ๐๐
A potential long opportunity โ but only if price pulls back into my point of interest (POI) ๐งฒ and we then get a bullish break in market structure (BoS) ๐ข.
๐ This is not financial advice. Always do your own research and trade responsibly!
๐ฅ๐๐ HOW TO TRADE ASIA, LONDON & NY SESSION OPEN:
๐ youtu.be/r_uDB22ccPA
๐ ๐Join Our DISCORD:
๐ discord.com/invite/PcBeCdwVQq
๐ ๐ TELEGRAM:
๐๐ t.me/anthonys_forex
๐ youtu.be/r_uDB22ccPA
๐ ๐Join Our DISCORD:
๐ discord.com/invite/PcBeCdwVQq
๐ ๐ TELEGRAM:
๐๐ t.me/anthonys_forex
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.
๐ฅ๐๐ HOW TO TRADE ASIA, LONDON & NY SESSION OPEN:
๐ youtu.be/r_uDB22ccPA
๐ ๐Join Our DISCORD:
๐ discord.com/invite/PcBeCdwVQq
๐ ๐ TELEGRAM:
๐๐ t.me/anthonys_forex
๐ youtu.be/r_uDB22ccPA
๐ ๐Join Our DISCORD:
๐ discord.com/invite/PcBeCdwVQq
๐ ๐ TELEGRAM:
๐๐ t.me/anthonys_forex
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.