PREPARING TO GO SHORT ON NASDAQ
NAS100 4H - As you can see price has now traded into the Supply Zone we have had marked out for some time now, I am wanting to see price begin to break down and distribute giving us the ability to get involved in this market with some shorts.
I have gone ahead and marked out the last protected low within the fractal structure of this market, a break in this would confirm that the correction trading us up and into the zone has finished and a new bearish leg is ready to be printed in the market.
We can expect an S&D flip as Supply is introduced from this zone and Demand is removed from all the buy orders that have pushed price up and into this area to begin with. Once we have relevant confirmation this is when we can prepare for those shorts.
After the BOS we can expect price to pullback putting in a lower high, following those laws of bearish structure, so its important we find the fractal area of Supply price may come to trade up and into to set that.
I have gone ahead and marked out the last protected low within the fractal structure of this market, a break in this would confirm that the correction trading us up and into the zone has finished and a new bearish leg is ready to be printed in the market.
We can expect an S&D flip as Supply is introduced from this zone and Demand is removed from all the buy orders that have pushed price up and into this area to begin with. Once we have relevant confirmation this is when we can prepare for those shorts.
After the BOS we can expect price to pullback putting in a lower high, following those laws of bearish structure, so its important we find the fractal area of Supply price may come to trade up and into to set that.
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