15M Narrative on the nasdaq
AM session can consolidate, rally or drop. But it cannot take out manipulation low as annotated with the red arrow.
if the algorithm is drawing to that high up there, it'll do it pretty quickly between 6:00 AM - 12:00 PM or (AM Session). PM session can drop, rally or consolidate, it can also take out the manipulation low/ AM session low if that is the draw.
if the algorithm is drawing to that high up there, it'll do it pretty quickly between 6:00 AM - 12:00 PM or (AM Session). PM session can drop, rally or consolidate, it can also take out the manipulation low/ AM session low if that is the draw.
Note
There needs to be expansion above Thursdays PM High for this to be confirmed. If price just drops from the high, I'll view it as Manipulation, there will be a drop to take out those lows in AM Session
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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.