NAS100...Ever The Bullish Instrument Part 17This week the market will continue to provide the bulls with tremendous opportunities to grow their accounts providing they wait for the right buying opportunities from the largest HL's
As with the previous two weeks, the market completed it's HL during the consolidation windows and then proceeded to make another attempt at the next ATH.
As mentioned, the news does not interest me, nor does it affect how I trade as I have always maintained that news does not create new structure, it only creates volatility within an already defined structure.
Friday's NFP report confirmed my conclusion as we saw that the daily LH still held even with the temporary spike in the market.
The retracement began at 9:00 am on Friday and will continue until the largest HL has been fulfilled...this will come at a level close to 21,023.3
Once this is done the buys will return to break Friday's high and will produce a reasonable TP of 21,871.9.
As usual, it is important to remember that any sells the market creates are only temporary retracements for the larger HL's and once this is done the buys will always resume.
If you are not experienced, my advise is to stay away from the short term sells, practice identifying your largest HL and buying from that point...you will always be guaranteed profits.
In any event, have a great week.
#oneauberstrategy
#zigzagtheory
#aubersystem
#whywewait
#auberstrategy
#patience
