NASDAQ weekly Projections

Price broke below after the accumulation @29363 level in Nas100 yesterday but later reversed with high volume candles, presently above the accumulation level @ 29935 but a break below 29697 will give further downward movement

I got out of the Scalp buys, when I saw price imprint sell candles during New York Session.

I had my Buy Limit at the Yellow line price level, but i deleted it when I saw the sell volume, then prepare to enter manually.

Just as I expected yesterday, Price came back for a retest of that trendline channel it broke out from yesterday.

The Bearish trendline channel price came back to retest, confluences with a Daily Trendline Support.

On the 4hr Chart, i'll wait to see if this 4hr Candle closes bullish by evening and confirms the double bottom.

I'll also wait to see, if this New bearish Channel will hold. Trend Channels with wide angles, are usually not valid for long.

Internally, within the channel on the 1hr, I'll wait to see, if the right shoulder of the HnS, will be completed, before price drives to the next zone.

On the 15mins, I'll wait to see if price will complete this HnS pattern..

On the 15mins, I'll wait to see if price will complete this HnS pattern..

This Pattern also presents, an opportunity, for a Scalp Buys

To Scalp the Buys, I'll follow this pattern..

To Scalp the Buys, I'll follow this pattern..

I'll look for the buy scalps after the 4hr candle closure.

If the Daily Candle close Bearish today, there will be high chances of tomorrow continuing with sells, before the buys if it intends to buy.

With Just one trading day left for the Weekly Candle on Nasdaq to close, the Double top bearish Chart pattern implies, Price has been unable to Break above the Price level @ 30250-30775 but has rather formed a resistance Region around it, after 5 trading Weeks.

Despite the Double Top Chart Pattern imprint on the Weekly, Price is still Confined to a Daily Bullish trend Channel, having rejected twice (Wednesday and Thursday) this week at the 29000 Price level that confluence with the Trend Channel Support. This Brings me to question Price intentions next week. Whether it'll follow a further decline, or Make a U-turn to the upside!