From TradingView · · 30s
NAS100 Potential Long Setup
Wait for NAS100 breakout before entering long position.
In brief
Wait for NAS100 breakout before entering long position. Wait for NAS100 to break above its range before taking a long position. Originally reported by TradingView.
Market Structure
NAS100 shows range-bound behavior after forming a double bottom with divergence suggesting potential bullish momentum.
Expected Scenario
Price may continue ranging or retrace toward the 0.5 fibonacci level before making its next move.
Entry Strategy
Avoid placing a buy-stop order prematurely. Wait for confirmed breakout above the range followed by a retest before considering a long position.
The short version
Wait for NAS100 to break above its range before taking a long position.
