JoshDeLucchi

JoshDeLucchi

This is just a rough idea, I still need to wait and see where the market moves to and rejects from in order for TP and SL placement. But, there is a Asian high, a London high and a NY high sitting closely together, causing what I call a liquidity pool, and we all know that liquidity moves the market. its like a magnet for the market. so I'll be waiting and...

JoshDeLucchi

I'm no professional trader, so please don't quote me on this. But I've been doing this for 5 years now, and one thing that i notice time and time again is how just before a big push up there's always a low created first. Almost like the draw of a bow and arrow. So with that theory as well as my strategy applied, this is what i think Nasdaq is preparing to do.