NAS100 Shall we Buy or Shall we Sell !?

Analysis :

• Price are in up trend ,
  
• Price is boucing several time on a solid long term support,
  
• A Crab harmonic pattern has formed, with a Point D as objective,
  
• we will favor the Bullish scenario .
  

Two Scenarios are forseen

Buy :

• Wait For Resistance Areas breakout,
  
• Wait for the price to bounce off from the resistance area which become support area,
  
• Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
  
• Initiate BUY order,
  
• Targets are TP1 to TP3,
  
• SL Under Range Area.
  

Sell :

• Wait For Resistance Areas breakout Fail,
  
• wait for the price to down breakout the range area,
  
• wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
  
• Initiate Sell order,
  
• Target ==> Long term solid support,
  
• SL above the vwap.
  

/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

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