DreamAnalysis | NASDAQ at Key Level Break Higher or Move Lower✨ Today’s Focus: NASDAQ (US100) – A Key Market Player
We'll break down recent price action and provide insights into potential future trends by analyzing critical market levels.
🚨 Previous Analysis Recap:
In our last review, we anticipated a move higher to break through the Previous Month High (PMH). Although we tapped into this level, there's still potential for price to push further into this zone.
📊 Current Market Overview:
Currently, price movement has slowed after taking out the PMH. On lower timeframes (LTF), there are opportunities to seek short entry setups targeting the Sell-Side Liquidity (SSL). However, we remain aware that the market may still attempt another leg up, possibly deeper into the PMH region.
🕓 Key Levels to Monitor:
These are the critical zones that could drive price movement:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- Daily FVG: Fair Value Gap (imbalance zone)
These levels help identify where price may seek liquidity or rebalance. Fair Value Gaps (FVGs) represent areas where the market may retrace before resuming its trend.
⏰ 1Hour Outlook:
📈 Bullish Scenario:
For a bullish setup, we’ll watch the lower timeframes (LTF) for price to sweep Low Resistance Sell-Side Liquidity (LSSL). Once liquidity is grabbed, we can look for our entry model to target the Buy-Side Liquidity (BSL).
📉 Bearish Scenario:
A short setup is viable even now, but the optimal scenario would be to take out Buy-Side Liquidity first. Following that, we’ll watch for entry opportunities on the LTF to achieve better entries and risk-to-reward (R/R) ratios.
📝 Conclusion:
Stay flexible as market conditions evolve. By keeping an eye on these key levels and potential setups, you can refine your strategy and spot high-probability opportunities.
🔮 Looking Ahead:
Keep following as we monitor NASDAQ, DXY, EUR/USD, and other major markets. Expect timely updates as trends unfold.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
