NAS100 on 4 Hour

Price last week made a nice correction back lower, & is rejecting in a key area looking left that has acted as powerful support, along with resistance structure. If price remains above this key region I am anticipating for buyers to push price back to the upside to continue the overall uptrend.

註釋

30 Minute Timeframe: Price previously formed a double bottom formation, & broke the neckline / retested looking left & a strong impulsive move to the upside took place from this same zone. Price has now tested this zone twice recently forming another potential double bottom, & may be preparing for another move towards resistance again this week.

註釋

Update: Choppy price action this morning in the main area of interest yesterday, however now price has puled back down to a previous area of support, & if price rejects / holds there a move back up could take place next.