2023 Jan Week 3 NAS100USD Outlook
Technical analysis thesis:
After a huge bullish run from the events of last week, there will more than likely be a correction or retracement throughout the week coming into the 3rd week of the year. (Jan 16 - Jan 20)
If not, then NAS100USD will continue to push price into the range of 12000.0, with this area being a major psychological level for NAS100USD.
With the formation of the double bottom pattern found on the weekly timeframe, I'm expecting a continued bullish direction to at least the said price zone @ 12000.0.
What that means for me:
In terms of my trading this next week, I will be expecting SHORTS on the lower timeframes . If and only if that resistance continues to hold at price zone 11530.0 throughout the Daily timeframe.
After a huge bullish run from the events of last week, there will more than likely be a correction or retracement throughout the week coming into the 3rd week of the year. (Jan 16 - Jan 20)
If not, then NAS100USD will continue to push price into the range of 12000.0, with this area being a major psychological level for NAS100USD.
With the formation of the double bottom pattern found on the weekly timeframe, I'm expecting a continued bullish direction to at least the said price zone @ 12000.0.
What that means for me:
In terms of my trading this next week, I will be expecting SHORTS on the lower timeframes . If and only if that resistance continues to hold at price zone 11530.0 throughout the Daily timeframe.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.