💸NASDAQ💸
Chart : Daily
Overall Trend : Bullish
Current Market Structure : Downtrend
Scenario 1 :
Price is currently waiting to create new higher high on the daily time frame . This cause also give us a confluence as to bullish momentum coming to an end .
I will be looking for intra day set ups . But I would like to see how price reacts to our Daily OB .
If we do respect our daily OB price will continue moving towards the upside .
Scenario 2 :
If we do not respect our daily OB . We can expect price to move towards the downside ,signifying that bearish momentum has come into play . & We can look for shorts
Chart : Daily
Overall Trend : Bullish
Current Market Structure : Downtrend
Scenario 1 :
Price is currently waiting to create new higher high on the daily time frame . This cause also give us a confluence as to bullish momentum coming to an end .
I will be looking for intra day set ups . But I would like to see how price reacts to our Daily OB .
If we do respect our daily OB price will continue moving towards the upside .
Scenario 2 :
If we do not respect our daily OB . We can expect price to move towards the downside ,signifying that bearish momentum has come into play . & We can look for shorts