NASDAQ ANALYSIS

💸NASDAQ💸

Chart : Daily

Overall Trend : Bullish

Current Market Structure : Downtrend

Scenario 1 :

Price is currently waiting to create new higher high on the daily time frame . This cause also give us a confluence as to bullish momentum coming to an end .

I will be looking for intra day set ups . But I would like to see how price reacts to our Daily OB .

If we do respect our daily OB price will continue moving towards the upside .

Scenario 2 :

If we do not respect our daily OB . We can expect price to move towards the downside ,signifying that bearish momentum has come into play . & We can look for shorts