New trade idea 💡
NAS100 Index
Price only managed to clear 10750 which is not a bad support structure tho, looks like the sell off might have taken a stall, still we yet to find out on Friday as the market closes for the week. Price established a channel and traded within the channel for some days, we subsequently saw a nice breakout but that did not hold really well, we seen price is not appraoching that same zone again for a second attempt to breakout. Fingers crossed we smash through this time, if that happens well, we could trade to atleast 11500. However failure to do so gives this asset a chnace to see 10,500 or even worse 10250. It's a lot of observation at this point