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InkyGrip
Apr 19, 2023 5:57 AM

NASDAQ a short term move 🦐 

US Nas 100OANDA

Description

NASDAQ on the 4h chart took the liquidity above the previous highs at 13125.
The market tested the 13200 below a previous resistance and created a bearish engulfing candle.

How can i approach this scenario?

The price is approaching an ascending trendline and IF it will break it during the US session i will consider a short order according to the Plancton's strategy rules.


Comment

moving lower as expected

Comment

reaching the demand area

Comment

testing the support area

Comment

possible lower low

Comment

1.9% move in the expected direction

Comment

a bounce over the support
Comments
LegionQ8
Nice Technical Analysis, I agree
InkyGrip
@LegionQ8, appreciate it
Gold-Tech
It was interesting to read, keep up the good work.
InkyGrip
@Gold-Tech, happy to hear that
Lingrid
Nice chart! And what entry point can you recommend us?
InkyGrip
@Lingrid, depend on your stratregy
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