NASDAQ UPDATE
This is an update of the previous analysis. The price reached the offer zone, never confirmed entry in 5m, and with the volume of 09:30 NY and the news of the Prelim UoM Consumer Sentiment. The price eliminated the zone, taking liquidity from it and then distributed below the low, breaking structural points. After breaking the zone I expected a confirmation in 5 m to take shorts but he never gave it. He left a valid zone of 30 minutes in which he can test before the market closes or in any case perhaps for next week.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.