NAS100 17.03.2022

Considering the volatile nature of the index and the uptrend for three days, its time for a retracement?

It seems that the signal for reversal/retracement are obvious. However, there is a concern when looking at the past prices, resistance and support levels of previous days. These levels play an important psychological factor that governs decision making, so if a retracement takes place it will probably have a volatile path and Stop Losses too close to open prices will be compromised.