I have displayed a good entry point for a short and for a long. As a day trader, I go with the trend but also trade pull backs... I am neutral and waiting for an entry. VIEW TO SEE WHAT TO EXPECT
My personal thoughts on nasdaq direction, I am neutral at the moment because price is consolidation. Waiting for a break out of my box regions.
NASDAQ made new high in the present uptrend. It got a retest to the downside and then created a double top. Price rejection makes me predict another retest to the support. See video for more details
Follow up on my previous post.....
As a day trader, I trade with the trend but also take advantage of pull backs. To the newbies, you can do this too, remember keep it simple. Understand price action, do not confuse yourself. I started trading NASDAQ only recently as well that's why I said you can do this.