NAS 100 in a large sideways corrective structure which I expect to last until then end of August. Will make for great shorter term trades as you can buy the floor and sell the ceiling. Looking for a move down to 14800s before moving to the top of the channel. We're currently in a C wave before beginning the final leg down to the bottom of the channel.
Two options:
(1) Scalp long here for the C wave up - looking for 15140. SL at the recent swing low. Excellent R:R from here.
OR
(2) Wait for the next leg down to complete and then long it for the following week.
GL and happy trading.
Two options:
(1) Scalp long here for the C wave up - looking for 15140. SL at the recent swing low. Excellent R:R from here.
OR
(2) Wait for the next leg down to complete and then long it for the following week.
GL and happy trading.
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