NAS100 Daily In Bullish Area, Hourly Stochastic Still to Comply
NAS100 is in the bullish area on the daily chart on the left. The hourly EMAs on right are in a formation; now looking to see if crosses, potentially aligning short-term traders with the daily. If a signal occurs, movement of stochastic to 80 level and maintenance of that level increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly low in conjunction with risk management techniques.