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Nas100 Price analysis 21 April 2024

Short
PEPPERSTONE:NAS100   US 100 Cash CFD
Monthly: The price has been dropping since starting of the month disrespecting the M-ERL+. So we are clearly bearish, till we get any bulish reversal in Daily.

Monthly Bias: Bearish.

Daily: On 15 April the price has been created a Bearish D-MSS with a Brake way Gape, since it has been dropping disrespecting 2 D-SSL, now it's about to test the D-FVG+, after taking the D-FVG+ if any H1 bulish MSS formed only then we could expect the price will go upwards the test the unmitigated D-FVG- above.

Daily Bias: Bearish.

H1: As last Friday, the price move upside then, it rejected from a H1-FVG then it formed a Bearish -MSS. So the price is clearly bearish.

So in the upcoming week if we test the H1- FVG- in the OTE level, then we can open a shot based on the Bearish bias.


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