
NASDAQ Setups for Monday and the Week Ahead
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1. Market Context (Macro View)
• Trend: Bearish across Weekly, Daily, 4H
• Major Structure Broken: BOS confirmed below 18,380
• Current Price Zone: ~17,340
• Support Being Tested: August 2024 swing low (~17,300)
• Next HTF Support: 16,790.8
• Bias: Bearish, but with bounce potential early in the week
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2. Intraday Bounce Setup (Hammer Candle at Support)
Scenario:
• Price printed a hammer candle on 5M at a key HTF support (17,300)
• Expecting bounce or relief rally if the low holds
Entry:
• Buy: 17,345–17,355
• Stop Loss: 17,295 (below hammer)
Take Profits:
• TP1: 17,437 (BOS zone)
• TP2: 17,578 (50 EMA / supply zone)
• TP3: 17,662 (structural resistance)
Confirmation:
• CHoCH above 17,370 confirms bounce
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3. Bearish Continuation Setup (Preferred Swing Setup)
Scenario:
• After a relief bounce, continuation lower toward 16,790 zone
Entry:
• Sell: 17,750–17,800 (pullback into broken structure)
• Stop Loss: 17,870
Take Profits:
• TP1: 17,350 (retest weak low)
• TP2: 17,000
• TP3: 16,790.8 (weekly demand)
Conditions:
• Rejection candle on 5M or 15M inside 17,750 zone
• Bearish engulfing or long upper wick
• Price remains below 20 EMA
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4. Breakdown Trade (No Pullback Entry)
Entry:
• Sell below: 17,290 (break of hammer low)
• Stop Loss: 17,370
Take Profits:
• TP1: 17,000
• TP2: 16,790
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5. Invalidations:
• If price breaks and holds above 17,870: Weekly short invalidated
• If strong CHoCH forms on Daily or 4H above 18,000: Watch for full reversal structure
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Final Notes:
• Monday: Focus on hammer bounce
• Midweek: Watch 17,750–17,800 zone for bearish rejection
• Use EMA structure + candlestick confirmation before committing
• Avoid long trades without CHoCH confirmation