TheSharkFx

TheSharkFx

NASDAQ Weekly Outlook & Trade Plan For this week, I am watching NASDAQ's price action with a preferred range between 21,730 - 21,130. However, with the upcoming CPI release, there is potential for a deeper retracement into the 20,830 region, should volatility pick up. Key Trade Setup on the 5-Minute Chart 📌 Engulfing Block & Breaker Block: Price has created a...

05:23

TheSharkFx

This week, I’m keeping a close eye on NASDAQ’s price action, with my preferred weekly range holding between 21,730 and 21,130. However, given the upcoming CPI release, there’s potential for an expansion lower, possibly into the 20,830 region. On the 5-minute chart, the engulfing block and breaker block present ideal trading opportunities as they align perfectly...

02:57

TheSharkFx

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...

TheSharkFx

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!

TheSharkFx

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...