When analyzing the NQ weekly chart, we observe that the price has consumed internal liquidity in the premium region of the range and closed in a way that favors the continuation of the bearish movement. Given this, we believe the next **Draw on Liquidity** will be the weekly double bottom located just below.
However, since the market has experienced a sharp decline without corrections, there is a possibility of buying opportunities before the downtrend resumes. As we are in a discounted region on the weekly chart, the price may seek momentum toward the premium region, capturing **buyside liquidity** as fuel for the continuation of the bearish movement.
It is important to highlight that we must wait for the market to open and observe its initial movement to better define our trading strategy.
However, since the market has experienced a sharp decline without corrections, there is a possibility of buying opportunities before the downtrend resumes. As we are in a discounted region on the weekly chart, the price may seek momentum toward the premium region, capturing **buyside liquidity** as fuel for the continuation of the bearish movement.
It is important to highlight that we must wait for the market to open and observe its initial movement to better define our trading strategy.
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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.
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.