Overal i'm still bullish on NASDAQ but the current price action is showing some bearish momentum. So I'm going to follow price down until it shows some bullishness again.
Last week price broke a strong low and so it looks like we're heading down to a lower demand zone. If price pullbacks to mitigate the previous bearish move I will be looking for shorts in the supply zone which is left behind.
If price just keeps on dropping I will wait for price to reach the demand zone and let the accumulation play out before looking to go long again.
Last week price broke a strong low and so it looks like we're heading down to a lower demand zone. If price pullbacks to mitigate the previous bearish move I will be looking for shorts in the supply zone which is left behind.
If price just keeps on dropping I will wait for price to reach the demand zone and let the accumulation play out before looking to go long again.