Nasdaq Objectives
Asia & London Session can change this bias very easily so don't stay glued to it, use your own analysis as confluence if you do decide to consider using mine.
Starting off: 4H is Bearish: MSS-> 4H SIBI Retraced to-> Bearish Reaction
Weekly Objective: Mondays Low from Last week(Weekly BISI High)
Timing is important, price and still retrace higher and I'd actually prefer that to happen before looking to hold any short positions. Why: Lack of a Bearish SMT Divergence, Relative Equal Highs not hit, Daily SIBI not hit, we also just retraced into a Daily BISI which can allow for that Bullish reaction and the previous list of things to take place before continuing to the Weekly Target. There is a chance price will continue to drop to take out that weekly objective first, however this is lower probability. It can even continue higher and not even take the Weekly Objective, however still lower probability. The key take away to this is wait for the LTF to align with one of these objectives to take a profitable trade.
Summary: Weekly Target-> June 17ths Low/Last Monday
Wait for price to be clear/one directional & for New York Session as price can retrace above Fridays High(Preferred) before starting a big move lower down to the Weekly Target. especially if a Bearish SMT Divergence is created.
Starting off: 4H is Bearish: MSS-> 4H SIBI Retraced to-> Bearish Reaction
Weekly Objective: Mondays Low from Last week(Weekly BISI High)
Timing is important, price and still retrace higher and I'd actually prefer that to happen before looking to hold any short positions. Why: Lack of a Bearish SMT Divergence, Relative Equal Highs not hit, Daily SIBI not hit, we also just retraced into a Daily BISI which can allow for that Bullish reaction and the previous list of things to take place before continuing to the Weekly Target. There is a chance price will continue to drop to take out that weekly objective first, however this is lower probability. It can even continue higher and not even take the Weekly Objective, however still lower probability. The key take away to this is wait for the LTF to align with one of these objectives to take a profitable trade.
Summary: Weekly Target-> June 17ths Low/Last Monday
Wait for price to be clear/one directional & for New York Session as price can retrace above Fridays High(Preferred) before starting a big move lower down to the Weekly Target. especially if a Bearish SMT Divergence is created.
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