meszaros

NAS100 I hold the long position.

Long
OANDA:NAS100USD   US Nas 100
NAS100 I hold the long position. From the analysis you can see that a fractal copy is taking place. It can be seen that the price movement is copying the first fractal of the larger uptrend. It can be seen that in both cases the W1ATR started from 50%. This technical support level is significant because the movements that build up after this level imply the building of more sustained wave cycles of low volatility. In our case, a single uptrend. It is still early, but my comment is correct that a major correction is expected at the completion of this wave sequence. I technically expect this larger correction after another 24% rise. The current rising sequence target price could be : 17208 usd. I will hold my long position until then.


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