NAS100 Strategy 2024:
This strategy focuses on identifying reversals in the NAS100 index using rejections, M and W formations, and V formations on 15-minute or 1-hour charts. DERIV Broker
- Rejections: Look for aggressive price movements followed by a sharp reversal (spike) in the opposite direction. Enter a trade in the direction of the reversal.
- M and W Formations: Buy when the market forms a “W” shape with rejections at the bottom of both legs. Sell when the market forms an “M” shape with rejections at the top of both legs.
- V Formations: Buy after an aggressive downward movement followed by a green candle that closes green. Sell after an aggressive upward movement followed by a red candle that closes red.
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