UPDATE ON NASDAQ BUY TRADE
NAS100 4H - As you can see price continued to play out as predicted earlier on in the week and last week providing us with the bullish structure we want and needed in order to profit from the buys placed back last Friday.
Now that TP1 has been achieved we need to look and see how price plays out as price has recently traded up and into a significant area of Supply, we now want to see that Supply being introduced enough to encourage price to correct itself.
I have drawn a path out on how I feel price may play out, I think enough Supply will be introduced to temporarily flip the S&D balance trading price down and into the Demand Zone below. Once price trades us down I am expecting the next push up.
We can look to take this market long from this area of Demand, trading price up and into the Supply Zone above before we go short on the NASDAQ longer term. As always we must wait for confirmation to be met.
Now that TP1 has been achieved we need to look and see how price plays out as price has recently traded up and into a significant area of Supply, we now want to see that Supply being introduced enough to encourage price to correct itself.
I have drawn a path out on how I feel price may play out, I think enough Supply will be introduced to temporarily flip the S&D balance trading price down and into the Demand Zone below. Once price trades us down I am expecting the next push up.
We can look to take this market long from this area of Demand, trading price up and into the Supply Zone above before we go short on the NASDAQ longer term. As always we must wait for confirmation to be met.
Related publications
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.