NAS100 Daily Outlook | August 04

Hi All,

NAS100 MN, W1 and D1 price bars are aligned on my previously assumed bullish outburst (check your charts). No concerns at the moment as we clearly were part of that massive move to the upside yesterday.


Short Term Outlook:

1. Market is showing very a strong bullish structure wherein we can take advantage of this structure if H1 price bar closes 13260 level. Our targets would be 13403 (145 pips), 13534 (260 pips) and 13888 (625 pips)

Strategy Applied - Price Action and Levels
Entry Confirmation - The sight of WICK FILL or BULLISH FORCE on M30, H1, H4

2. H1 price bar closure below 13211 level could trigger a short term massive drop to 13089 (122 pips), 12980 (230 pips) and 12806 (408 pips)

Strategy Applied - Price Action and Levels
Entry Confirmation -The sight WICK FILL or BEARISH FORCE on M30, H1, H4

Let me know what you think in the comment session please.

Live Trading today at 14:45 and 16:45 GST

14:45 - GBPUSD (ahead of news release) and GER30
16:45 - EURUSD and NAS100


Yours,
Kings

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