Here is an outlook on Nas100 on H1 timeframe. The market had it's fair share of shorts so it has been oversold on lower timeframes, so the market will open up space for buyers with the buying strength at +0.08% to +0.15% which is a slightly lower momentum for the buyers. The market has created a bullish flag and as a result of that we are expected to have high momentum in short position between 11727.4 and 11845.6, we must expect shorts when the US trading session opens. We may go short around 11845.6 to 11062.5 if the momentum on long position is lower than that of shorts.
N.B: This is not the conclusive analysis on NAS100, the market may respond differently, when using this analysis take your precautions and apply a proper risk managemnt plan.
N.B: This is not the conclusive analysis on NAS100, the market may respond differently, when using this analysis take your precautions and apply a proper risk managemnt plan.
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