US 100 Cash CFDLong
NAS 100 LONG UPDATE
Brief video update on position being held for the week, price is showing signs of a further break out and push to the upside to fill the imbalance created during the flash sale we experience the week prior.
buys still look strong until proven otherwise; keeping in mind we could possibly reject this level to grab more liquidity short term to get the volume needed to create the break out.
buys still look strong until proven otherwise; keeping in mind we could possibly reject this level to grab more liquidity short term to get the volume needed to create the break out.
Note
Also, Ive show screen shots and notes showing my market analysis made on Saturday December 21, 2024 Note
1. “Price can come to take out the inner SSL $$$ then resume bullish trend”:
• If there’s an inner swing low (SSL), price may take it out to trigger resting stop-loss orders (stop hunt or liquidity grab) before continuing the bullish trend. This aligns with smart money concepts (SMC) where liquidity zones are targeted.
2. “Resting liquidity below the 50% Fib”:
• If there’s liquidity below the 50% Fibonacci retracement level, it could act as a magnet for price. Once cleared, the market might show signs of reversal or continuation, depending on how it interacts with the zone.
3. “Support forming?”:
• If price respects the Fibonacci level or other significant zones (demand areas or order blocks), it could indicate support formation, signaling a potential entry point for longs if confirmations align.
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