NAS100 to Buyside Liquidity
As a follow-up to the previous analysis, I am currently Bullish on NASDAQ up to Buyside Liquidity + Monthly Rejection Block at 13188. I'm looking for Lower prices in DXY and higher prices in Treasury Bonds - which should both push NAS higher.
Monthly Timeframe:
If we draw a Fib from the Low to the High, we can see that price recently traded into Discount of the Range + a Bullish FVG (BISI). It's currently rejecting the Equilibrium of the range.
My first buy-side objective is the Rejection Block ("-RJB" on the chart). Next after that is 50% of the Rejection Block (the Blue line above "-RJB"), priced at 13348,5.
Important: If price does trade up there, and the monthly candle CLOSES Above 50% of the Rejection Block - I believe that that would set the stage for a run much higher, potentially into the FVG and BSL.
Weekly Timeframe:
It looks like an early-staged Market Maker Buy Model in play... Price is currently in the first stage of re-accumulation.
I would like to see the most recent Bearish Candle support price to go higher as it is an Orderblock.
If NAS goes higher, S&P will likely go higher too. That's why I'm currently Bullish on all Indices until S&P breaks down through its Bullish Orderblock's 50% level (see the previous analysis. I will link that post to this one).
Monthly Timeframe:
If we draw a Fib from the Low to the High, we can see that price recently traded into Discount of the Range + a Bullish FVG (BISI). It's currently rejecting the Equilibrium of the range.
My first buy-side objective is the Rejection Block ("-RJB" on the chart). Next after that is 50% of the Rejection Block (the Blue line above "-RJB"), priced at 13348,5.
Important: If price does trade up there, and the monthly candle CLOSES Above 50% of the Rejection Block - I believe that that would set the stage for a run much higher, potentially into the FVG and BSL.
Weekly Timeframe:
It looks like an early-staged Market Maker Buy Model in play... Price is currently in the first stage of re-accumulation.
I would like to see the most recent Bearish Candle support price to go higher as it is an Orderblock.
If NAS goes higher, S&P will likely go higher too. That's why I'm currently Bullish on all Indices until S&P breaks down through its Bullish Orderblock's 50% level (see the previous analysis. I will link that post to this one).
Trade attivo
Beautiful Reaction from the Breaker + FVG. First Target reached (Equal Highs). :)
Trade attivo
Second Target hit!Trade chiuso: obiettivo raggiunto
Target Reached.
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