just using structure and using NAS 100 and (US30 Especially ) as leading indicators sees an opportunity rising and following from the SPX. similar structural makeup and movement has shown success in the other two soon to be replicated on this index.
Potential second leg of a double bottom price formation, in addition to previous price point integrity. further price drop is always a possibility so a (PENDING ORDER) might help mitigate risk of a premature entry (entry above RES/SUPP).
looking at a potential long for the recovery 126 entry 127.5
Looking to take the chance at this level , multiple retests of this level, might possibly push it upwards , a wider SL for safety and Long TP to Balance ROI.
A retest for possible continuation on the US500. Lower levels yo be possibly tested.
Possible movement from recently broken all time high to support.
current candle might trigger or next candle
4hr/1d timeframe for context. stop lower than prev low, decent entry point.
previous trade got in at a higher price , resulting in a stop too close to support , better stop distance now below previous low