NASDAQ weekly Projections

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For an order to be valid, it must have swept liquidity and broken structure, also it should have a fair value gap too

As at yesterday, the NASDAQ sells, kept ranging between 29,292 minor support region, and 29600 resistance region.

All through out Asian and London session today, Nasdaq was still ranging between my entry and the price regions i mentioned yesterday.

The range was simply replicating the price range of last week Friday.. as shown in chart two

on the 1hr and 4hr Chart, price was still confined to the Bearish channel (upper Trend resistance). a complete break out from it to the up side would have invalidated my sell idea.

Up until 3pm today( nigerian time), price was still ranging. The sells started at 4pm and lasted till 7pm. today.

There was a break and retest of the minor level (yellow line) that was holding price all through morning.

Price finally completed the Right Shoulder i spotted yesterday as i expected today.

The Sells didn't drop to my exact TP 2 price Level because it bounce off a daily Trend Support channel Instead

The trendline on which price bounce and retrace is practically the 3rd touch

My Nasdaq projection for tomorrow, is a break and retest of the 29,600-29700, Support region

With today's Daily candle closure as a bullish Hammer on a daily trendline support, i'll vote for Buys tomorrow.

on the Nasdaq 4hr Chart, there's a 4hr bullish Engulf that has also formed a 4hr demand zone. And there's an invalidation of the bearish channel as well. These confluences build up confidence for the buys.

I'm expecting two Buy Scenarios.. The black Line Illustration as Scenario 2 and the Blue Line Illustration as Scenario one

Scenario 1: the 4hr visible Inverted Head and Shoulder. since price has broken the resistance Level @ 29600-29700 region and closed above it, I'll expect price to retrace back to it and bounce off it as a support.

Scenario 2: on 1hr or lowertime chart, I'll expect price to retrace down to the minor support level 29296-29300 before pushing for strong buys.

The pullback to that 29396 region, will confluence the trendline retest. That would be my clear and concise entry.

I'm taking advantage of the first retest at the flip zone... entry at 29768.03, Sl at 29563.66 TP at 30203.19

i'm still holding on to the expectation that price might possibly still come back down to 29296. I'll set a pending order at it. The current Buys might just last through frankfurt and london session open.