NAS100 Daily Outlook | August 22

Hi Friends,

Here are my thoughts on NAS100...

weekly - Bearish
Daily - Bearish
H4 - 13160 zone have broken hence bearish trend has continued and we expect price to find support at 12289 level
H1 (a) - Price is currently at 13044 support area hence i expect a retest of 13165 level. This is the place to look for entries
H1 (b) - Break and closure of H1 price bar below 13028 means that price may like see 12979 and 12889 in no time.

Watch out for fake outs and plan for them accordingly by waiting for good confirmations and insisting on good risks and trades management.

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