NASDAQ ANALYSIS

Chart : 4Hour

Overall Trend : Bullish

Current Market Structure :Consolidation

Scenario 1 :

We are currently in a ranging market for the past 2 Days .

Will wait on a break out and close below 17900 for us to go short .

or

Will wait for a break and close above 18000 for us to go long .


We do have some imbalance that price needs to fill on the 4Hour timeframe at 17500 .

IT IS POSSIBLE THAT IF WE DO BREAK BELOW 17900 that we will possibly see price drop to 17500 before moving towards the upside .