NASDAQ - US100 two possible scenarios

If you like the idea, do not forget to support with a like and follow.

on H4: NASDAQ is currently trading inside this giant symmetrical triangle in orange.

SHORT-TERM: this one is now sitting around the upper orange trendline so we will be looking for sell setups on lower timeframes (M30 and H1)

and we will be looking for buy setups as price approaches the lower orange trendline.

LONG-TERM: we will be waiting for price to form a third swing around the upper orange trendline to consider it valid and then enter buy after a momentum candle close above it.

and we will be waiting for a new swing to form around our lower orange trendline and then sell on its break downward.

Good Luck!