From TradingView · · 50s
NQ Retracement Level This Week
TradingView chart shows NAS100 price near key retracement levels for this week's trading.
In brief
TradingView chart shows NAS100 price near key retracement levels for this week's trading. The NAS100 price is expected to retrace near the 1hr and 4hr pitchfork lines before moving to the upper parallel line. Originally reported by TradingView.
Price near retracement levels
The NAS100 price hit the median line of the 1hr pitchfork at the end of last week.
Key support levels
The price is close to the lower warning line of the 4hr pitchfork, which could send it back to the upper parallel line.
Fibonacci cluster zone
A pale blue box shows the cluster zone for two fib expansion levels that could push the price upwards.
Trade strategy
The trader will wait for signs of strength before entering a 1/3 R/R position, updating the trade when the signal appears.
The one thing
The NAS100 price is expected to retrace near the 1hr and 4hr pitchfork lines before moving to the upper parallel line.
