📊 The NASDAQ 100 has been riding a strong bullish trend, pushing higher with relentless momentum. On the daily timeframe, price now looks heavily overextended 📈.
🔎 Zooming into the 4-hour chart, the overextension is even more apparent. In trending markets, we often observe a three-drive pattern (sometimes a fourth) before an aggressive correction occurs.
⚡ I’m keeping an eye out for a sharp pullback. If price finds support and confirms with a bullish break of market structure, this could present a high-probability long entry setup 🚀.
📹 In the video, I also dive into how I use the VWAP and Fibonacci retracement tools. Both are powerful indicators that provide valuable insight and a trading edge 🔧.
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade responsibly and manage your risk.
🔎 Zooming into the 4-hour chart, the overextension is even more apparent. In trending markets, we often observe a three-drive pattern (sometimes a fourth) before an aggressive correction occurs.
⚡ I’m keeping an eye out for a sharp pullback. If price finds support and confirms with a bullish break of market structure, this could present a high-probability long entry setup 🚀.
📹 In the video, I also dive into how I use the VWAP and Fibonacci retracement tools. Both are powerful indicators that provide valuable insight and a trading edge 🔧.
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade responsibly and manage your risk.
🚀💰Winning DAY TRADING Strategy Beating Market Chaos:
👀🔗 youtu.be/NMmD8UsKqJ4
🔥💰 PASS YOUR PROP CHALLENGE FX SIGNALS:
👀🔗 youtu.be/OrtnnrLizeQ
✅ Join Our Free DISCORD:
👀🔗 discord.com/invite/PcBeCdwVQq
👀🔗 youtu.be/NMmD8UsKqJ4
🔥💰 PASS YOUR PROP CHALLENGE FX SIGNALS:
👀🔗 youtu.be/OrtnnrLizeQ
✅ Join Our Free DISCORD:
👀🔗 discord.com/invite/PcBeCdwVQq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀💰Winning DAY TRADING Strategy Beating Market Chaos:
👀🔗 youtu.be/NMmD8UsKqJ4
🔥💰 PASS YOUR PROP CHALLENGE FX SIGNALS:
👀🔗 youtu.be/OrtnnrLizeQ
✅ Join Our Free DISCORD:
👀🔗 discord.com/invite/PcBeCdwVQq
👀🔗 youtu.be/NMmD8UsKqJ4
🔥💰 PASS YOUR PROP CHALLENGE FX SIGNALS:
👀🔗 youtu.be/OrtnnrLizeQ
✅ Join Our Free DISCORD:
👀🔗 discord.com/invite/PcBeCdwVQq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.