NASDAQ(US100):🟢Possible scenarios🟢(Details on Caption)

Hello Traders

Outlook:

Daily Chart Summary:

NASDAQ's recent action:
Cleared sell-side liquidity in the daily Fair Value Gap (FVG).
Activated bearish breaker block by closing below 18233.50.

Bullish Scenario:

4-hour chart insights:
Trend line liquidity intact.
Buy-side liquidity remains untouched.
SMT with S&P500 and Dow Jones trend supports upward potential.

Bearish Scenario:

Concerns:
Activation of daily bearish breaker block.
Presence of order block with Fair Value Gap (FVG) on the 4-hour chart.

Explore

By examining the NASDAQ daily chart we can figure out, that the price purged the sell-side liquidity that formed inside the daily FVG. On the other hand, the price activated the bearish breaker block by closing the daily candle body below 18233.50.

Up to this point, I mentioned the primary characteristics of bullish and bearish scenarios, Let's go deeper and continue.

The first scenario (I follow this scenario) is bullish, Here in the NASDAQ (US100) 4-hour chart we can see the created trend line liquidity and left buy-side liquidity untouched. In addition, there is an SMT with S&P500 and Dow Jones. This alignment gives us added confidence in the potential for the price to target the buy-side liquidity.

The second scenario is bearish. As I mentioned the price activated the daily bearish breaker block and also there is an order block with FVG that may push the price lower. The bullish FVG above sell-side liquidity can be our first target in this scenario.



💡Wait for the update!
🗓️17/03/2024
🔎 DYOR

💌It is my honor to share your comments with me💌

Trade closed: target reached:

Well as you can see, as I expected the price followed the first scenario and moved higher to buy-side liquidity.

I hope you use this TA.

Cheers 🥂