This trade idea is built on a structured analysis of the Nasdaq 100, integrating a New Week Opening Gap (NWOG) with Fibonacci retracement levels to identify high-probability trade zones. The setup highlights a key confluence where the 50% retracement of the range aligns precisely with 0.25% of the NWOG, creating a potential reaction point. Additionally, the full...
The total filling of the NWOG comes in perfctly aligned with the 78% of the previous range
Also we have Equalibrium of the range perfecty aligned with the 0.25% of the NWOG
This is confluence at its finest!
The intermediate-term swing has broken out of this retail wedge pattern and traded up to the 78% Fibonacci retracement (Optimal Trade Entry - OTE). As we reached this level, we saw clear signs of smart money entering the market. Additionally, price action took out equal highs, confirming liquidity grabs.
From here, we've retraced down into the top of a...
