Cedwa001

NAS100 Weekly Analysis 1/22

OANDA:NAS100USD   US Nas 100
01/22 @ 7:09 pm EST
1. Beach Levels
M +2 17500
W 6/8 17500
D 8/8 17500
4H 7/8 17343.8
1H 7/8 17343.8
M30 6/8 17343.8

2. Waves
Day: OB Buying
4H: OB Selling
1H: OS Buying; O OS Selling
M30: Mid Buying; O OS

3. Channels
M- Bullish; BTW Middle & Top
D- Bullish; Middle
4H- Bullish; Top
1H- Bullish; B/o Downside
M30-

4. Fib
Day Buy Fib 8/21
Almost hit -61.8 @17651
4H Buy Zone
50 @ 15530.6
61.8 @ 15186.1
23.6 retracement -27 @ 17771.9
H1 Buy Zone
50 @ 16840.2
61.8 @ 16700.1
M30 Buy Zone
50 @ 17021.6
61.8 @ 16918.4

If price breaks below 17320, look for sells down to M30/1H buy zone with possible TPs @17187.5 @17109.4 @17031.3 @16875. Once in buy zones wait to see what price does. Pay attention to Market Structure.

If price breaks above 17460, look for buys up to @17500 @17578.1 @17656.3 @17755.

Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.

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