NAS100 on 4 Hour

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I will be monitoring price at the key zone of resistance above for a potential rejection & move back to the downside again. This zone has acted as powerful resistance multiple times and with a clear rejection sellers could push price lower again.

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ملاحظة

Daily: 3 previous rejections on the daily timeframe at the key resistance zone, which is also the last Lower high of the current structure.

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Hourly Timeframe: Closer look at the zone and the previous reactions there.

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ملاحظة

That was quite a move today off resistance for 150 pips to the downside.

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ملاحظة

Over a 500 pip drop today on NAS100 wow! Also a beautiful trend reversal pattern played out