A video version of this commentary is included in the youtube link in my tradingiew profile.
As I have always said; "Any sells on the NAS100 are only temporary retracements to register a HL on a larger timeframe."
With Last weeks interest rate decision, a lot of volatility and panic was created by sellers reacting with panic as usual and the buyers capitalized on that by being patient and waiting for the storm to subsize.
The retracement took an entire week to come to a close and it was not until Friday that I saw the H1 timeframe breaking back in a bullish structure to close out the week of retracements to form a HL on the daily timeframe.
With the weekly candle expired again, it will be just a matter of time before the trend resumes it's responsibilities to complete another ATH.
So for this week, nothing has changed and I will continue to wait for my largest HL and buy to my Guaranteed ATH.
Remember to practice
Use proper risk management
practice on your demo accounts until you are comfortable
Trust your analysis
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#whywewait
#patience