✨ Today’s Focus: NASDAQ (US100) – A Market Mover We delve into the latest price movements and analyze key market levels to uncover potential trends.
📊 Current Market Overview: Currently, the price is consolidating within the 4-Hour Imbalance zone, formed after breaching the Previous Month High and retracing lower. Additionally, Smart Money Technique (SMT) is evident at highs, correlating with ES (SPX500).
🔴 What to Expect: Short-Term vs Long-Term Scenarios Explore potential outcomes for both short-term and long-term perspectives, outlining bullish and bearish possibilities for day trading.
🗣 Short-Term Outlook: In the short term, expect the price to consolidate around the Imbalance and SMT levels, potentially targeting the Previous Week Low (PWL) as a liquidity draw.
🗣 Long-Term Outlook: Long-term projections suggest a possible retest of the Previous Week High (PWH) followed by a decline towards the Equilibrium (50% level) of the current monthly range.
🕓 Key Levels to Watch: These critical levels could significantly influence price action: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Daily FVG: Fair Value Gap (Imbalance zone)
These levels denote potential areas for liquidity absorption or market rebalancing. Fair Value Gaps (FVGs) represent zones where price retracement may occur before resuming its trend.
📈 Bullish Scenario: Currently, a bullish stance is not anticipated. However, on lower time frames, identifying Low Resistance Sell Side Liquidity (LSSL) could precede targeting higher levels such as the Previous Week High.
📉 Bearish Scenario: The bearish scenario aligns with the short-term outlook. Currently bearish, lower time frame analysis can refine entry models and points for enhanced trading confluence.
📝 Conclusion: Remain adaptable as market conditions evolve. Vigilantly monitor these critical levels and setups to refine your strategy and identify high-probability trade opportunities.
🔮 Looking Ahead: Stay tuned as we track NASDAQ, DXY, EUR/USD, and other major markets. Timely insights will follow as trends develop.
⚠️ Disclaimer: This analysis serves educational purposes only and not as financial advice. Always conduct thorough research and consult a licensed financial advisor before making investment decisions.
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