NAS100...Bear Party Round 2

Last week as expected the "bear party started at 12:41am on Friday and continued down to the TP zone before the close of the week

For this week, I am expecting to see the bear party finishing up with the LL on the H1 before starting another climb for the bulls.

If you did take a buy on Friday based on the fact that the H1 and H4 were at lows, it was not the worst entry, however be sure to TP on the next H1 LH and wait for another H1 LL before entering another buy since the current H4 fibs has not been exhausted and it is till operating within the Zone created on Friday 09/01 (High) to Thursday 09/07 (LOW).

Last week the perfect double top was created with the two highs at the 78% mark before the start of the "bearfest" on Friday.

As of right now the market is poised for it's first break of the lower level on the FIBS by possibly going to the -27%

As of now remember no setup = no trade

Entries = LL/HH or Low/HIGH once all conditions are met.

last week I was extremely patient and saw the correct setups play out and this week I will execute with confidence.

#auberstrategy
#whywewait

More updates to come

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Things to watch for as the market opens:

1. Since this is a trade that was activated on the H1/H4 LOW...(Buy) I will be watching to see the high that is made on the H1.

2. Any hint of an overbought HIGH on the H1 with a LH on the H4 will be a signal
to exit and sell the H1 Overbought back to a H1 LOW which will translate to a
H4 HL

3. If scenario 2 plays out then I will take the H1 LOW back to the HIGH and keep
at it until the H4 completes the HIGH

4. Worse case scenario is that the H1 can make a quick LH and then transition to
a LL and at which case I hold the buy until all H1 highs and H4 highs have been
completed...(Balls of steel required)

Trade wisely:

No setup = No trade

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Now that the markets have opened...We see that the Buy that was entered on Friday...remains valid as the H1 & H4 are on the way up to complete their respective Highs

No Setup = No Trade
#auberstrategy
#whywewait

交易進行

Please note that I am currently buying the retracement on this move until I see what kind of HIGHS will be made on the H1 - H10 timeframes.

The move I am currently in is to stay with the current retracement trend until the required HIGHS have been completed.