Outlook for NAS.
-
Weekly: Nas had a nice big pullback on the weekly, perfectly testing and rejecting the 50%. It caught some liquidity and currently it's making it's way up again.
-
Daily: After that nice H&S pattern we can see liquidity being caught at the zone below the 50% fib, rejection and a perfect retest on the 50% on the daily aswell. I can see this being a major pivot point.
-
4H: We can see the downtrend/major pullback very clear here, currently nas is making up moves after catching liquidity.
if nas breaks the 61.8%, then I would like to see an ABC pullback correlating with the fib, creating a higher low. Indicating a shift of trend before looking for buy opportunities.
-
Let me know your thoughts, link your outlooks in the comments below.
-
Weekly: Nas had a nice big pullback on the weekly, perfectly testing and rejecting the 50%. It caught some liquidity and currently it's making it's way up again.
-
Daily: After that nice H&S pattern we can see liquidity being caught at the zone below the 50% fib, rejection and a perfect retest on the 50% on the daily aswell. I can see this being a major pivot point.
-
4H: We can see the downtrend/major pullback very clear here, currently nas is making up moves after catching liquidity.
if nas breaks the 61.8%, then I would like to see an ABC pullback correlating with the fib, creating a higher low. Indicating a shift of trend before looking for buy opportunities.
-
Let me know your thoughts, link your outlooks in the comments below.