Nasdaq Setup
4hr: Bullish momentum, as we can see price creating HH and HL's.
1hr: We can see price moving bullish. We do see change of price from around 12300 moving bullish.
30min: We can see price suddenly shot to the upside. Price is being induced into the market therefore leaving an Order Block.
15min: A refined Order Block, clearly showing how price has reacted from that area of interest.
5min: On this chart we can see an Order Block has been created inside of our 15min Order Block. This is a confirmation that this Order Block could serve it's purpose. We just need to wait for price to return to these areas before we take trades.
Overall, I will be waiting to see how price reacts to my significant areas and levels before deciding to take trades.
We are ideally looking for Bearish opportunities , but Should price decide to move in the opposite direction... We are ready to take part in that opportunity.
1hr: We can see price moving bullish. We do see change of price from around 12300 moving bullish.
30min: We can see price suddenly shot to the upside. Price is being induced into the market therefore leaving an Order Block.
15min: A refined Order Block, clearly showing how price has reacted from that area of interest.
5min: On this chart we can see an Order Block has been created inside of our 15min Order Block. This is a confirmation that this Order Block could serve it's purpose. We just need to wait for price to return to these areas before we take trades.
Overall, I will be waiting to see how price reacts to my significant areas and levels before deciding to take trades.
We are ideally looking for Bearish opportunities , but Should price decide to move in the opposite direction... We are ready to take part in that opportunity.
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.