Nasdaq Push before fall? Just looking at Price Action
Based on a higher timeframe I speculate that Nasdaq could push up higher towards 15360.5 as this price range falls into equilibrium based on the High to the Low left on the 4hr timeframe from last weeks price action.
I can also clearly see that price swept previous lows on a 1hr & 4hr timeframes.
with this information I jumped to a 5 minute timeframe, and can clearly see Friday of last week price left a beautiful displacement high, and a Fair Value Gap where Sunday price went to trade down towards 15203.4 testing the FVG once more.. giving me confirmation of price wanting to push higher.
So my full idea is that ill wait for price to go towards 15360.5 area to look for a short position.
Remember this is all just my personal conclusion..
I can also clearly see that price swept previous lows on a 1hr & 4hr timeframes.
with this information I jumped to a 5 minute timeframe, and can clearly see Friday of last week price left a beautiful displacement high, and a Fair Value Gap where Sunday price went to trade down towards 15203.4 testing the FVG once more.. giving me confirmation of price wanting to push higher.
So my full idea is that ill wait for price to go towards 15360.5 area to look for a short position.
Remember this is all just my personal conclusion..
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