📊 [Nasdaq Review & Strategy – Previous Session Recap & Today’s Plan]
📌 Friday Price Action Summary
Failed to break above the black resistance box
Repeated rejection at the zone strengthened downward pressure
As long as this zone remains unbroken, bearish bias remains
📉 [Daily Chart Analysis]
Price has entered the bullish candle from May 27
If that candle breaks to the downside, a drop toward the 20EMA on the daily chart (20,930p) is likely
Currently seeing low volume and range-bound movement, so trend direction needs confirmation
🔍 [Current Bearish Strategy]
If the European session fails to sustain the rebound, it will likely be a temporary move
A break below 21,218p + trendline break would confirm a short setup
🎯 Targets (TP):
TP1: 21,071p (Friday’s low)
TP2: 20,930p (Daily 20EMA)
📌 Strategic Conclusion
Bias: Bearish
However, due to declining volume and range-bound action,
→ It’s better to wait for confirmation before entering
If bearish entry conditions are met, execute with confidence
📌 Friday Price Action Summary
Failed to break above the black resistance box
Repeated rejection at the zone strengthened downward pressure
As long as this zone remains unbroken, bearish bias remains
📉 [Daily Chart Analysis]
Price has entered the bullish candle from May 27
If that candle breaks to the downside, a drop toward the 20EMA on the daily chart (20,930p) is likely
Currently seeing low volume and range-bound movement, so trend direction needs confirmation
🔍 [Current Bearish Strategy]
If the European session fails to sustain the rebound, it will likely be a temporary move
A break below 21,218p + trendline break would confirm a short setup
🎯 Targets (TP):
TP1: 21,071p (Friday’s low)
TP2: 20,930p (Daily 20EMA)
📌 Strategic Conclusion
Bias: Bearish
However, due to declining volume and range-bound action,
→ It’s better to wait for confirmation before entering
If bearish entry conditions are met, execute with confidence
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Disclaimer
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.
Related publications
Disclaimer
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.