NASDAQ Trade Setup: Bullish Bias, But Waiting for Retrace!

✅ NASDAQ Breakdown: Waiting for the Retrace 🎯

I'm currently watching the NASDAQ 🧠, and here's what I'm seeing across multiple timeframes:

📈 Daily & 4H Timeframes show a strong bullish rally with significant momentum. However, in my view, price is overextended and currently trading at a premium.

📉 Although my bias remains bullish, I'm anticipating a retracement into equilibrium—specifically around the 50% to 61.8% Fibonacci zone 🔁. This would offer a more favorable entry based on value.

📊 In this video, I walk you through:

- The overall trend direction
- Where and how we can anticipate a break of market structure for a clean entry
- Why my buy idea is conditional on the 30-minute chart trending down, then flipping bullish via a structure break 🔄

⚠️ Patience is key! The trade setup may play out at various price levels—wait for confirmation from price action, as detailed in the video 🎥.