NAS100 Overextended? Anticipating a Retracement to Re-Balance

The NAS 100 has seen a sharp move to the downside and, in my view, is overextended. It has reached previous lows on the daily timeframe, sweeping southside liquidity. Considering the extreme nature of this move and the presence of significant gaps or imbalances above, I anticipate a retracement as the market seeks to rebalance. Additionally, there is buy-side liquidity resting above that could serve as a target. I’m watching for a potential buying opportunity if the conditions outlined in the video materialize. This is not financial advice.
Chart PatternsNASDAQ 100 CFDnas100analysisnas100ideanas100longnas100signalnas100signalsUS NAS 100nas100usdideaTrend Analysisus100

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