NASDAQ a short term move 🦐

١٩ أبريل ٢٠٢٣

NASDAQ on the 4h chart took the liquidity above the previous highs at 13125.
The market tested the 13200 below a previous resistance and created a bearish engulfing candle.

How can i approach this scenario?

The price is approaching an ascending trendline and IF it will break it during the US session i will consider a short order according to the Plancton's strategy rules.

١٩ أبريل ٢٠٢٣

ملاحظة

moving lower as expected

٢٠ أبريل ٢٠٢٣

ملاحظة

reaching the demand area

٢١ أبريل ٢٠٢٣

ملاحظة

testing the support area

٢٥ أبريل ٢٠٢٣

ملاحظة

possible lower low

٢٦ أبريل ٢٠٢٣

ملاحظة

1.9% move in the expected direction

٢٧ أبريل ٢٠٢٣

ملاحظة

a bounce over the support