The Patience Game: 2nd Nasdaq Scenario
We need to approach this week with caution.
On the daily timeframe, there's a clear upcoming buy movement.
Whilst on the lower timeframes, there is bearish movement before the market potentially buys.
I will discuss the buy here then on my next post. It'll be the sell setup(I don't like that one).
1. The market is at a resistance zone(M30 & M15)
2. A support zone for the market to target (18000.00)
3.Considering the support zone. Market structure has to be followed ( 1-2-3-4-5 movement).
4. Once the support zone is hit. The Third Touch on the Trendline has to influence the market with to BUY.
5.Before we enter the buy.
6.Wait for a good confirmation.(A Doji or something).
OR
7. Buy immediately and place my SL. MY SL!
On the daily timeframe, there's a clear upcoming buy movement.
Whilst on the lower timeframes, there is bearish movement before the market potentially buys.
I will discuss the buy here then on my next post. It'll be the sell setup(I don't like that one).
1. The market is at a resistance zone(M30 & M15)
2. A support zone for the market to target (18000.00)
3.Considering the support zone. Market structure has to be followed ( 1-2-3-4-5 movement).
4. Once the support zone is hit. The Third Touch on the Trendline has to influence the market with to BUY.
5.Before we enter the buy.
6.Wait for a good confirmation.(A Doji or something).
OR
7. Buy immediately and place my SL. MY SL!
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