Looking for NAS100 to Short back to Previous Structure High.

Looking for NAS100 to Short back to Previous Structure High.

Possible descending triangle forming.
look fore bearish sell to trend line/61.8/H4 lvl or H4
Structure point 50% prz/daily lvl 20,595

H1 lvl showing possible Bearish trend beginning
LL & LH formed with Liquidity sweep just above LH

Daily: Bullish

H4: Bullish

H1: Bullish

Thesis: Price is bullish forming a descending triangle
preparing for sell off to trend line.yesterda

Trade active

Displacement has formed and Starting to see rejections of the previous support flipped resistance.
Price also rejection VWAP. If the Hr candle closes below resistance, look for potential entry.

Trade closed:

target reached30 Min Looks Strong with Rejection wicks off of Resistance VWAP and 8EMA

Note

Still looking good….(Accidentally changed status to “target reached” on the trade on the Trade update)

We’ve Pushed Through The 4R TP! lets see what this how this Daily resistance lvl treats us!

7R TP HIt!!!!

This NAS100 Chart Weekly Data Analysis by Fadel Qasim. Get our Indicator’s License here..