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Brehayne_
Jan 16, 2024 10:45 AM

NASDAQ ANALYSIS Short

US 100Capital.com

Description

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💸NASDAQ💸

Chart : Daily

Overall Trend : Bullish

Current Market Structure : Downtrend

Scenario 1 :

Price is currently waiting to create new higher high on the daily time frame . This cause also give us a confluence as to bullish momentum coming to an end .

I will be looking for intra day set ups . But I would like to see how price reacts to our Daily OB .

If we do respect our daily OB price will continue moving towards the upside .

Scenario 2 :

If we do not respect our daily OB . We can expect price to move towards the downside ,signifying that bearish momentum has come into play . & We can look for shorts
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