Its very rare for the nas100 to be oversold like this on the 4hour last 7 years we have a couple of moments that resulted in average moves of 9.8% to the upside.
3.72% January 2015
13.71% August 2015
6.30% September 2016
15.58% March 2018
Average 9.8%
SL - 11200
TP- 12000
3.72% January 2015
13.71% August 2015
6.30% September 2016
15.58% March 2018
Average 9.8%
SL - 11200
TP- 12000
Note
Also the NAS100 is in decending wedge which is a bullish pattern and bullish divergence has formed on the daily on the RSI 
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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.