Short on NASDAQ, September 20, 2024, 5:02 AM in New York
The strategy involved three key elements:
1. **Response to FVG**: The entry was based on a reaction to a Fair Value Gap (FVG) identified in the 15-minute timeframe, indicating a potential price retracement.
2. **Reaction to Order Block**: The market showed a significant response to an Order Block (OB), which further confirmed the decision to enter the short position.
3. **Trend Continuation**: The overall market trend suggested a continuation downwards, aligning with the bearish sentiment and technical analysis.
This structured approach allowed for a calculated entry into the market, leveraging both technical indicators and market conditions.
1. **Response to FVG**: The entry was based on a reaction to a Fair Value Gap (FVG) identified in the 15-minute timeframe, indicating a potential price retracement.
2. **Reaction to Order Block**: The market showed a significant response to an Order Block (OB), which further confirmed the decision to enter the short position.
3. **Trend Continuation**: The overall market trend suggested a continuation downwards, aligning with the bearish sentiment and technical analysis.
This structured approach allowed for a calculated entry into the market, leveraging both technical indicators and market conditions.
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