NAS100 Trend

nice one

It broke below the level I marked out yesterday and it is still dumping if you look at the monthly timeframe, you will know that it has been buying for a long time, it's a pull back to a discounted level, but I am also considering the fundamentals too

Nas 100 has not been indecisive. It was just building a bearish pressure preparing for an explosive breakout.

Yeah i can see that. i think price might retrace into that demand zone on the monthly timeframe or that key level marked

If price must buy from any of those levels it will take next year that means through out we should just be bearish, because that is a long way down, let's just keep our ears down and wait for trump speech about the war then we will know if price will continue or reverse as structure will react

True sha 🥲

Trump speech can actually make this market continue the buys without retracing further down

The resistance was tested 3 times, before breaking below, in such zone it's just to wait for a break, before making a decision

Nas 100- I mentioned it earlier, that it has formed a triple top and also confluences with a classical 3rd touch effect of a trendline. And contrary to popular SMC that price will sweep it (Liquidities at double bottoms, triple tops, trendlines etc.), price didn't but rather sold off heavily.

There are technical confluences that must not be overlooked when they present themselves, especially with heavy macro data looming around and pointing fingers at the same thing too.

Ustech was supposed to buy this week but that end of cease fire speech that came out just spoiled everything if you also check from that time gold was showing strength of buys but after that 8th July gold sells starred the next week, so for me I feel that was the fundamental that pushed ustech downwards more

Even during early this month on 8th that he declared the end of cease fire, if you look at the chart image, you will see it marked out the jump that happened this week Monday, ustech was supposed to continue high but instead fell because of that

The Buys it intended happened during CPI, price needed a strong push to the upside, for a stronger drive to the downside. Investors had to pump price up and lock in profits before starting to distribute by offloading/reducing the positions.

It finally hit tp