✨ Today’s Focus: One of the Most Crucial Assets in the Market – NASDAQ We'll be breaking down its latest price movements and discussing what to expect next based on key market levels.
📊 Current Market Overview: At the moment, we’re seeing some notable upward movement, targeting the buy-side liquidity. Recently, key levels of liquidity have been swept, including the Previous Month High (PMH) and the Previous Week High (PWH). With this in mind, we're anticipating a possible retracement or even a reversal from these highs.
🕓 Key Levels to Watch: These are the essential zones we’re monitoring on the chart:
- PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - 4H FVG: 4-Hour Fair Value Gap (a potential retracement and imbalance zone)
These levels represent critical areas where the price may gather liquidity, potentially driving it toward the next major target. Fair Value Gaps (FVGs) signify imbalances that the market might revisit to "rebalance" and collect orders.
📊 1-Hour Time Frame Outlook: On the 1-hour chart, the price is respecting the 4-Hour FVG and has created some Low Resistance Buy-Side Liquidity (LBSL) just beside it. We could see a liquidity raid, where the price sweeps these BSL levels before heading lower. Keep in mind that this is a bearish scenario for NASDAQ, and it may not fully play out.
📈 Bullish Scenario: For a bullish setup, we need to see a sweep of a key Sell-Side Liquidity (SSL) level before looking for buying opportunities. For day trading, you can drop down to lower time frames (LTF) to mark Low Resistance Sell-Side Liquidity (LSSL) areas, providing a draw on liquidity that could lead to a move toward the buy-side.
📉 Bearish Scenario: On higher time frames, there isn’t much data supporting a bearish case right now. I recommend revisiting the 1-hour time frame analysis for a clearer picture of the current outlook.
📝 Conclusion: As always, it's essential to remain flexible and adapt to evolving market conditions. Understanding these key levels and potential scenarios will help refine your trading strategy and identify opportunities.
🔮 Looking Ahead: Stay tuned! We’ll continue to track NASDAQ along with the other major currency pairs. Expect timely updates and insights as market trends develop.
⚠️ Disclaimer: The information provided is for educational purposes only and is not financial advice. Always perform your own research and consult a licensed financial advisor before making investment decisions.