Hello everyone, 👋
Yesterday, Nasdaq broke out of the box, following the more challenging scenario I outlined in yesterday's analysis. It ended up providing opportunities for both SHORT and LONG entries.
After the U.S. session, Micron's earnings gave the market a strong push higher. Personally, I believe the earlier sell-off was driven by positioning ahead of those results—to lure traders into opening SHORT positions near the lows, only to stop them out or leave them trapped as price moved sharply higher.
At the moment, the most likely scenario, in my opinion, is a continuation of the rally either without any meaningful pullback or after only a very shallow retracement back to the upper boundary of the blue box. I've illustrated this scenario on the attached chart.
The main target for today remains the gap fill around 30,550. 🎯
As for today, I'm not looking to trade any SHORT positions. If the market drops, it drops—but I'm only focusing on LONG setups today. 📈
Good luck !!
⚠️ This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and manage risk appropriately before making any trading decisions.
Yesterday, Nasdaq broke out of the box, following the more challenging scenario I outlined in yesterday's analysis. It ended up providing opportunities for both SHORT and LONG entries.
After the U.S. session, Micron's earnings gave the market a strong push higher. Personally, I believe the earlier sell-off was driven by positioning ahead of those results—to lure traders into opening SHORT positions near the lows, only to stop them out or leave them trapped as price moved sharply higher.
At the moment, the most likely scenario, in my opinion, is a continuation of the rally either without any meaningful pullback or after only a very shallow retracement back to the upper boundary of the blue box. I've illustrated this scenario on the attached chart.
The main target for today remains the gap fill around 30,550. 🎯
As for today, I'm not looking to trade any SHORT positions. If the market drops, it drops—but I'm only focusing on LONG setups today. 📈
Good luck !!
⚠️ This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and manage risk appropriately before making any trading decisions.
Order cancelled
Hello,This time, the bullish scenario did not play out, so no positions were taken.
The gap still remains to be filled, but for now, the market has moved lower.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.