This week, I’m keeping a close eye on NASDAQ’s price action, with my preferred weekly range holding between 21,730 and 21,130. However, given the upcoming CPI release, there’s potential for an expansion lower, possibly into the 20,830 region.
On the 5-minute chart, the engulfing block and breaker block present ideal trading opportunities as they align perfectly with the range Optimal Trade Entry (OTE) and Consequence Encroachment of the 5m Fair Value Gap (FVG). This confluence strengthens the case for high-probability setups, providing precise entry points for an optimal trade execution.
On the 5-minute chart, the engulfing block and breaker block present ideal trading opportunities as they align perfectly with the range Optimal Trade Entry (OTE) and Consequence Encroachment of the 5m Fair Value Gap (FVG). This confluence strengthens the case for high-probability setups, providing precise entry points for an optimal trade execution.
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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.