*๐ US100 (NAS100) โ 4H Analysis & Trade Signal*
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*๐ Chart Observation:*
- *Current Price:* 22,764
- *Structure:* Market rejected downside strongly with a *Bull Wick* (demand zone reaction).
- *RSI (14):* 60.38
- Momentum is rising again, just under overbought.
- *Bearish divergence* still visible, but price is defending structure.
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*๐ Key Levels:*
- *Support:* 22,715
- *Resistance:* 22,865 โ 23,000
- *Strong Bullish Zone:* 22,720โ22,750
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*๐ Trade Idea: BUY Setup*
- *Entry:* 22,760โ22,770
- *SL:* 22,690 (below wick)
- *TP1:* 22,865
- *TP2:* 23,000
- *TP3 (optional):* 23,150 if breakout occurs
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*๐ง Smart Money View:*
- Likely a *liquidity sweep* below wick zone.
- Demand zone got respected โ smart money possibly reloading longs.
- If next candle closes bullish, more confirmation for continuation.
---
*๐ Chart Observation:*
- *Current Price:* 22,764
- *Structure:* Market rejected downside strongly with a *Bull Wick* (demand zone reaction).
- *RSI (14):* 60.38
- Momentum is rising again, just under overbought.
- *Bearish divergence* still visible, but price is defending structure.
---
*๐ Key Levels:*
- *Support:* 22,715
- *Resistance:* 22,865 โ 23,000
- *Strong Bullish Zone:* 22,720โ22,750
---
*๐ Trade Idea: BUY Setup*
- *Entry:* 22,760โ22,770
- *SL:* 22,690 (below wick)
- *TP1:* 22,865
- *TP2:* 23,000
- *TP3 (optional):* 23,150 if breakout occurs
---
*๐ง Smart Money View:*
- Likely a *liquidity sweep* below wick zone.
- Demand zone got respected โ smart money possibly reloading longs.
- If next candle closes bullish, more confirmation for continuation.
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.
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.