Nasdaq is currently at an H4 supply zone in a major downtrend as shown by the MACD to determine Previous highs and lows. chances are we could reverse now and continue with the trend down to the regions of 11800 and lower or we could range a little and have a slight push up to the regions of 12780 were Nasdaq will be at a confluence of a H4 supply zone and an H4...
Nasdaq is bearish on H4. if minor resistance hold at 12420 this is my short idea on Nasdaq at 30. based off that h4 bearish idea publshed idea. trailing stops to every candle that closes bearish on 30 mins
GBPUSD has just broken structure to the left and formed a new support structure, retested it this an obvious buy. trail stops to every candle that closes bullish
If Nasdaq retraces back to this supply area one could look for a great position to go long. As nasdaq has jus broken a previous structure with an impulsive move up.
Nasdaq is nearing strong Supply confluence of H4 and 30 supply at around 13500. if Nasdaq reacts bearishly from this region then its next target could possibly be 12969. if its carries on bullish then it may just blast from this supply region and make new highs.
This is a risky trade because it is in opposing direction of the higher time frame (4h and Daily) however. a scalp is a scalp. lets see if we go this time to 13545. which is an idle place to short from
Nasdaq has established a minor uptrend on 30 minutes but its within a Major downtrend on the H4. and this minor uptrend is nearing H4 supply which is in confluence with 30 mins supply, at this point we may have a reaction giving us a push downward.
Nasdaq after some time being indecisive seems to be turning bullish. therefore if this demand level can be tested and it holds we may have a bullish run. or price may just run the highs straight away. Or fail to take the highs and take out the lows instead. lets wait and see.
there were to 2 bullish scalp movement of supply ealier on in the day. however Nasdaq is in a neutral sentiment for now on the 30 mins. with possibilities on both sides to go up or down. however the down moves seem more likely. personally i will be waiting to see more confirmations on direction.