$NQ1! Nasdaq100 Futures - 61,8% Retracement level reached

19 ส.ค.

Nasdaq100 e-mini has reached a retracement level of 61,8% from it's all time high. Between 50%-61,8% we call the ambush zone, because this is a popular zone for buyers to become fatigued and sellers to move in.

This is an area of interest and I will watch this zone very carefully for buyer weakness in coming days for a possible short position.

PS. This short position would be taken to hedge my current long positions.