NAS100 4 Hour Chart Observation - Naked Forex Chapter 6

24 mar 2022

Looking at the NAS100 4 hour chart, we can see a bearish big shadow candle that has recently printed in a supply zone, with plenty of "room to the left." BUT, the candle immediately following the bearish big candle did NOT trigger the Sell Stop Order. What concerns me here is the sideways action that has followed and is unfolding. It seems as if the market is not quite ready to roll over and pull back yet.