NASDAQ weekly Projections

Price has finally triggered and my sl was almost hit. That was close

This is the reason why I said don't trust a local support or resistance to just put your entry base on confirmation, you have your confirmation wait for reactions let you entry level not be a reaction zone, it drains psychologically, price still reacting from that level, not even sure of the zone if price will break up or it will continue down and it reduces confidence, Nas100 may break above 2986.08 although it is still going up and down

Price is just messing with my mind right now.

But I'll hold it regardless

Just hold with BE, if you get stopped out, just wait for another setup I mean a confirmed setup don't rush at all

Yeah I'm not in a rush at all

I'll allow price do it's thing

NASDAQ- Daily Analysis Update

BIAS: Bearish

On the daily, Price revisited the Resistance level at 29875-29750, and rejected sharply signifying the bears are still actively present at the resistance zone, and the daily trendline is still very valid.

Nas 100-With a bearish candle close on the daily today, expect sell continuations tomorrow.

Nice. How's the sells going? Price respected the Trendline which confluences with the key resistance level at 29900.

It is very clear that nas100 is ranging it goes from resistance to support and from support to resistance

NAS 100 4hr- Expecting the heavy bearish decline to drop down to 28402, which confluences with lower boundaries of the Bearish channel but with minor bullish reactions at 29022, and 28800 internal support regions.

Nas 100- there's a 1hr internal trend support that can challenge the bearish decline of Nas100 down to the next major support, as we see current price reactions on the lower boundaries of the 1hr trendline.

From my personal observations, Internal trendline channels with wide angles are usually not sustainable for long, but on bullish assets like nasdaq, they can prove otherwise sometimes. we'll watch to see how long this particular one will last.

NAS 100- how to read Trend Angles (part 1)

Trend angle is a measurement tool that is used to measure impulse legs in a trending market.

The angle represents the shallowness or steepness of each impulse leg. When 2 to 3 angles of impulse legs are compared, it gives a sequence which implies the trend momentum is increasing or decreasing. like the 73-71 sequence in the charts.

The sells is going well, but that retracement is scary sha