Since the price has broken below 6200, a 13-month demand zone, the trend has been confirmed as a reversal into a downtrend.
Since then, NAS100 has been retracing from its low for the past 2 weeks, and this week may just be the final week of its retracement.
As seen during last Friday after NFP, the US Stocks is still seen quite bullish, showing no sign of stopping from further gains.
NAS100 is expected to rise further this week and will enter the key supply zone immediately.
Once this major retracement is completed, there's gonna be enough indications to sell such as the completion of AB=CD formation, the 61.8% retracement level, the falling trendline and the support zone itself.
Since then, NAS100 has been retracing from its low for the past 2 weeks, and this week may just be the final week of its retracement.
As seen during last Friday after NFP, the US Stocks is still seen quite bullish, showing no sign of stopping from further gains.
NAS100 is expected to rise further this week and will enter the key supply zone immediately.
Once this major retracement is completed, there's gonna be enough indications to sell such as the completion of AB=CD formation, the 61.8% retracement level, the falling trendline and the support zone itself.
