By checking the Nasdaq index chart in the 4-hour time frame, we can see that the price started falling from the desired supply range exactly as we expected and hit the targets of 18150 and 18090 and even corrected to 18000! The efficiency of this analysis has been more than 380 pips! The level of demand in front of the price range is 17800 to 17970 !
The Main Analysis :
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Good analysis on identifying a suitable buy zone for the NASDAQ. I suspect the support zone aligns with a rising trendline, which is a good sign of bullish momentum coming into the market. I notice the support zone lines up with the 50% Fibonacci retracement too. Let's see how this plays out