NAS100 Weekly Analysis 4/29

2024年4月30日

4/29 @ 7:01 pm EST
1. Beach Levels
M 7/8 17500
W 6/8 17500
D 5/8 17812.5
4H 6/8 17812.5
1H 8/8 17812.5
M30 8/8 17812.5

2. Waves
Day: OB Buying; O OS Buying
4H: OB Selling
1H: OB Buying (Bear Divergence)
M30: OB Selling

3. Channels
M- Bullish; Near top
W- Bullish; Middle
D- Bullish; B/o downside w r/t
4H- Bearish; BTW Middle & Top
1H- Bullish; Top
M30- Bullish; B/o downside

4. Fib
Day Buy Zone
50 @ 16240.7
61.8 @ 15738.9
4H Buy Zone
50 @ 17366.6
61.8 @17103.3
Reached 23.6 after reaching 61.8. Looking to see if price will push up to the 11.5.
1H Sell Zone
50 @ 17684.8
61.8 @ 17839.1 -> 17799.8 CMP
M30 Buy Zone
50 @ 17522.3
61.8 @ 17453.5

Based on 4H/1H/M30 waves being OB and price being at the 8/8 on 1H/M30 TF looking for a move to the downside. Price is currently failing to make HH so looking for a confirmed LL. If price breaks below 17717.2, look for sells down to @17680 @17656 @17620 @17578 @17540 @17500.

If price breaks above 17850, price has created a HH and may continue to push up before selling. Possible buy TPs @17890 @17935 @17960.

Opinion: This analysis is for education purposes only and is just my opinion, this is not a trade idea.