NASDAQ Weekly Outlook & Trade Plan
For this week, I am watching NASDAQ's price action with a preferred range between 21,730 - 21,130. However, with the upcoming CPI release, there is potential for a deeper retracement into the 20,830 region, should volatility pick up.
Key Trade Setup on the 5-Minute Chart
📌 Engulfing Block & Breaker Block: Price has created a strong reaction zone, which aligns well with liquidity levels.
📌 Optimal Trade Entry (OTE): A retracement into this range increases the probability of a strong reaction.
📌 Consequence Encroachment of the 5m Fair Value Gap (FVG): This further confirms a potential bullish reversal from the lower levels.
Trade Plan
🔹 Looking for price to react from the current low and move toward the highlighted liquidity zone around 21,730.
🔹 If price reaches this zone, a rejection could provide an opportunity to look for short setups.
This setup presents a high-probability trade opportunity as multiple confluences are lining up for an efficient move. With CPI data incoming, it’s important to monitor volatility and liquidity grabs before executing trades.
For this week, I am watching NASDAQ's price action with a preferred range between 21,730 - 21,130. However, with the upcoming CPI release, there is potential for a deeper retracement into the 20,830 region, should volatility pick up.
Key Trade Setup on the 5-Minute Chart
📌 Engulfing Block & Breaker Block: Price has created a strong reaction zone, which aligns well with liquidity levels.
📌 Optimal Trade Entry (OTE): A retracement into this range increases the probability of a strong reaction.
📌 Consequence Encroachment of the 5m Fair Value Gap (FVG): This further confirms a potential bullish reversal from the lower levels.
Trade Plan
🔹 Looking for price to react from the current low and move toward the highlighted liquidity zone around 21,730.
🔹 If price reaches this zone, a rejection could provide an opportunity to look for short setups.
This setup presents a high-probability trade opportunity as multiple confluences are lining up for an efficient move. With CPI data incoming, it’s important to monitor volatility and liquidity grabs before executing trades.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.