NASDAQ 15M Lowe High
Hey everyone.....
Here is the NASDAQ 15M, so looking at this NAS did a lower low (blue marker) and going with market structure it should therefore do a lower high. And as a rule it usually goes up to a FVG or order block which is usually residing between the 0.62 and 0.79 fib retracement. So looking at the chart we can se the FVG (red shaded area to the left previous high) and we can see it has hit bang on the 0.786 fib level. So one would suggest that NAS should be on its way down? The fib was drawn from the low to the previous swing high.
This could possibly be the time to short for a bigger pullback.
Here is the NASDAQ 15M, so looking at this NAS did a lower low (blue marker) and going with market structure it should therefore do a lower high. And as a rule it usually goes up to a FVG or order block which is usually residing between the 0.62 and 0.79 fib retracement. So looking at the chart we can se the FVG (red shaded area to the left previous high) and we can see it has hit bang on the 0.786 fib level. So one would suggest that NAS should be on its way down? The fib was drawn from the low to the previous swing high.
This could possibly be the time to short for a bigger pullback.
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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.