Nasdaq Bounce from L-MLH

60
What a drag yesterday.

The red Fork gives us very good context.
We see how price reacted two times at the Center-Line.

Then came the "Flush" throu the CL with no pull-back.
No Mercy!

This move brought us down to the Lower-Medianline-Parallel. From here price starts to bounce.
It's also a level where NQ had support (see left side).

So far, divergence with the RSI is confirming a good potential for a bounce.

But I don't believe in this support, until we break the downsloping "Change In Behaviour" line. Price must prove that is has enough strenght.

If this CIB line gets broken, I expect a pullback to it.
This would be the level where I would stalk a long entry, with a target at the Center-Line.

Happy Hump-Day Tr8dingN3rds

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