NASDAQ Long 2 Possible Scenarios of the next 21 DaysWell a chart says more than 1000 words
Overall trend is bullish, but current predicted crrections(See my previouse Nasdaq trading ideas!) and Gap filling has been ocured successfully. Scenario 1: We keep arriving the bottom of the bear area future zone(red marked Time zone) Powell speaking in Jacksonville, but fundamentals are yellow green. If we break 14488, then it means the market will fill the last possible gap, below 13885, an we certanily will go to around 13200 area(Local area) So watch closely the support reaction.
At this area I expect very hard and bloody fight between the bears and the bulls, as the bullish trend has been started at 11890, and 12885-13200 is the first bullish acumulation zone.So the bulls will efend this area, with everything what it takes to survive. Volume is up, and e have a big ,,K,, sshifting of the MP in this area.
That means we have doubled POC(bullish). In senrio 2 we will see a big drop off the market below the last gap, but very quikly and fast agrressively attak of the bulls, that will reat a big V pattern:this is a good area to buy, uz the risk reward managemnet will be high enough to survive or protet the position.
After that we retrurn the green bullish zone whih I have alulated, an then re again:The red area is a natural defene of the bears, so we will expet that the bears will try to push down the market. It is logial. Any kind of speulation will be just ruining your strategy. And the we will fight higher.
This is normal range as we will enter September!
And this month is just jerk. So a sideway movement and lower volatility is expted, if higher volatility omes in, then I ill ertainly be long, to add my positions, whih I have built at 10490 already.
For daytraders and salpers:Trade in trend diretion as the probabilitiy of winners will be higher.
Good luck Traders!
