NASDAQ 1H - I am back after being away on holiday for a few days and with that we have seen that price has traded nicely into the OB I had marked out for you all on the 1H timeframe.
Since then we have seen price begin to distribute, respecting areas of Supply. This is great news as we are looking to take part in short positions in this market moving forward, I missed the initial entry as I was away on travels.
But you can see that I have gone ahead and marked out a fractal area of Supply I would love to see price trade up and into before continuing this bearishness lower. I have marked out the zone above. (16864.75-16870.53)
I would like to see price trade up and into this, clearing the last OB left over and then begin this short move lower.
On the off chance we do not see price trade us up and into that area I have shorted now with my SL above the last high created.
Since then we have seen price begin to distribute, respecting areas of Supply. This is great news as we are looking to take part in short positions in this market moving forward, I missed the initial entry as I was away on travels.
But you can see that I have gone ahead and marked out a fractal area of Supply I would love to see price trade up and into before continuing this bearishness lower. I have marked out the zone above. (16864.75-16870.53)
I would like to see price trade up and into this, clearing the last OB left over and then begin this short move lower.
On the off chance we do not see price trade us up and into that area I have shorted now with my SL above the last high created.
