NAS100 🌍
The macro narrative for the NASDAQ heading into this week is dominated by the upcoming Federal Reserve rate decision and corporate earnings season 🏦. With Chair Kevin Warsh expected to maintain a firm stance on inflation amidst persistent macro headwinds, market chatter suggests retail participants are eagerly trying to pick a bottom on tech assets, assuming a dovish surprise is right around the corner. Interestingly, general online sentiment is heavily leaning bullish, expecting a swift recovery in growth stocks. This overcrowded bullish crowd creates the perfect backdrop for a liquidity hunt before any true directional expansion takes place.
Looking at the technical structure, the higher timeframe remains firmly bearish 📉. Applying Wyckoff logic, the recent upward action appears to be nothing more than a corrective pullback into supply within a broader Markdown phase. While widespread community chatter is calling for an immediate bullish breakout, the market structure on the 30-minute chart shows price probing just above local range highs to trap late buyers. From an Auction Market Theory (AMT) standpoint, price is testing the upper extreme of our high-volume node, setting up a classic Upthrust/Liquidity Grab scenario where retail longs are likely to get trapped as momentum fades.
Key Zone: Price is currently hovering around the upper boundary of our Volume Profile value area near $28,519 – $28,555 📉, right above the Point of Control (POC) at $28,450.33 and framed by the overhead descending resistance line.
We are currently trading near the top of this localized consolidation range. I am watching for a run on liquidity to sweep the late buyers I'm seeing across various social forums before looking for a decisive transition back into value 🧹. If buyers fail to hold acceptance above $28,520, the path of least resistance points toward the lower value area limit near $28,334.59 and down into the target zone around $28,227.38.
My Trade Plan 🎯
Bias: Short. I am exercising patience and waiting for explicit structural confirmation rather than front-running the resistance.
Entry Protocol: I am looking for two distinct entry triggers based on your chart setup. The primary setup is a bearish Break of Structure (BoS) below $28,519 with a weak retest into the $28,450 POC to sell down toward $28,334. Alternatively, if price breaks forcefully through the range, I will await a secondary bearish BoS and retest below the Value Area Low at $28,334.59 targeting $28,227.38. If price builds acceptance above $28,600 and invalidates the structure, we abandon the short idea completely.
The macro narrative for the NASDAQ heading into this week is dominated by the upcoming Federal Reserve rate decision and corporate earnings season 🏦. With Chair Kevin Warsh expected to maintain a firm stance on inflation amidst persistent macro headwinds, market chatter suggests retail participants are eagerly trying to pick a bottom on tech assets, assuming a dovish surprise is right around the corner. Interestingly, general online sentiment is heavily leaning bullish, expecting a swift recovery in growth stocks. This overcrowded bullish crowd creates the perfect backdrop for a liquidity hunt before any true directional expansion takes place.
Looking at the technical structure, the higher timeframe remains firmly bearish 📉. Applying Wyckoff logic, the recent upward action appears to be nothing more than a corrective pullback into supply within a broader Markdown phase. While widespread community chatter is calling for an immediate bullish breakout, the market structure on the 30-minute chart shows price probing just above local range highs to trap late buyers. From an Auction Market Theory (AMT) standpoint, price is testing the upper extreme of our high-volume node, setting up a classic Upthrust/Liquidity Grab scenario where retail longs are likely to get trapped as momentum fades.
Key Zone: Price is currently hovering around the upper boundary of our Volume Profile value area near $28,519 – $28,555 📉, right above the Point of Control (POC) at $28,450.33 and framed by the overhead descending resistance line.
We are currently trading near the top of this localized consolidation range. I am watching for a run on liquidity to sweep the late buyers I'm seeing across various social forums before looking for a decisive transition back into value 🧹. If buyers fail to hold acceptance above $28,520, the path of least resistance points toward the lower value area limit near $28,334.59 and down into the target zone around $28,227.38.
My Trade Plan 🎯
Bias: Short. I am exercising patience and waiting for explicit structural confirmation rather than front-running the resistance.
Entry Protocol: I am looking for two distinct entry triggers based on your chart setup. The primary setup is a bearish Break of Structure (BoS) below $28,519 with a weak retest into the $28,450 POC to sell down toward $28,334. Alternatively, if price breaks forcefully through the range, I will await a secondary bearish BoS and retest below the Value Area Low at $28,334.59 targeting $28,227.38. If price builds acceptance above $28,600 and invalidates the structure, we abandon the short idea completely.
Trade chiuso: obiettivo raggiunto
👀 👇🏻 EASY Forex Signals:
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
👀 👇🏻 EASY Forex Signals:
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.