The US NAS 100 is in a corrective phase.
On chart is a trade suggestion
1. Scale into position with equal lot size from the recent close up fib levels ( Sell Limit Orders).
2. Stop Loss - above the recent Supply Zone High for all positions
3. Target - the .618 extension of entries and just beyond the .786 Fibonacci for prior up swing.
4. Risk - set to max 2% ( 0.4% per position) .
RR - is fractional to 1.44.
On chart is a trade suggestion
1. Scale into position with equal lot size from the recent close up fib levels ( Sell Limit Orders).
2. Stop Loss - above the recent Supply Zone High for all positions
3. Target - the .618 extension of entries and just beyond the .786 Fibonacci for prior up swing.
4. Risk - set to max 2% ( 0.4% per position) .
RR - is fractional to 1.44.
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