Nasdaq - Intraday Setup & Potential TradePrice was not abel to trade out of the white forks U-MLH and got constantly rejected.
It cracked the little support and fell down, but missed the white Centerline, creating a HAGOPIAN.
Then price traded outside of the white fork, following a textbook test/retest at the white U-MLH and found support.
The yellow fork points upwards, showing us the most probable path of price.
Going long near the white U-MLH gives us several potential targets:
1. the orange Centerline
2 the yellow Centerline
3. the HAGOPIAN target line.
4. the orange U-MLH
Stops would be below the last red bars low, because this, as of the time of writing, is the best structural level to hide behind.
I'm off to the mountains, have a happy trading day!
