NAS100 Strategy

As mentioned last week...the downtrend for NAS100 was expected to continue and that it did. The market only managed to signal an overbought high on Friday May, 13, however I am still expecting it to do a small push to retest the engulfing candle on the H4 from Wednesday 5/11/2022.

The market finished on the high side on Friday, however it is still a lower high on the H1 which fulfilled the LH on the H4... Structure is still being maintained on the H4 and as it only made a LH and the next natural termination move will be a LL at around 11172.60 which is -0.27%

We can expect a major market move on the downside for at least 13,000 pips this week.

Happy Trading...