NAS100 MARKET ANALYSIS

Good morning traders, it's another Monday, the start of a new week in the financial markets and that means new opportunities. I'm looking at NAS100 where market opened this week with price inside a major H1 & H4 supply zone at 12162.40 & 12034.89 which is the origin of the previous drop to the minor H4 demand zone at 11604.23 & 11505.36 and the major H4 & daily demand zone at 10828.52 & 10677.46. Price rallied into the major H1 & H4 supply and formed a strong rejection wick on H4 with candle close inside supply followed by a slight drop. Took sell positions during pre-London session at 12106.60 with SL at 12230.05 and pending sell limit orders at 12162.40. Setup taken is a rally base drop, a reversal setup and my target is at the H4 demand zone at 11604.23 & 11505.36.














 

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