NASDAQ weekly Projections

Yesterday... i took the buys, but didn't close out on time. Still expected buys today, but later closed out today.

There where many possible entry scenarios for the buys re entry. Had to seat on my hands today.

Overall on 4hr, this is the Pattern Imprint price has been trying to complete.

I was still expecting price to push down to complete the pattern at 28,751 region, but later spotted reason why it's being stuck at the Trend support.

A Daily internal Support Zone @ 28954-29000 region that confluence with the Trend support has been holding price hostage, from pushing down further.

Price is also trying to complete this Inverted Head and Shoulder pattern. This can possibly invalidate the Weekly Double Top, Next week.

Earlier today, I Spotted this internal bearish trendline on lower timeframe. Had to wait for it to be invalidated since I wanted to Scalp buys again.

Price has finally invalidated it. I'll be expecting the Trendline retest next week.

Although price has broken the internal bearish trendline, price is still Confined within the 1hr/4hr Bearish channel. That means the sells is still not over.

Triple Bottoms created at the 28950-29000 price region, and still price has not been able to push a further upside.

The 3 days price rejections at the 28950- 29000 region is not enough. A second daily bullish Candlestick has to form at the Region to further confirm that buyers are fully in control of the region.

The 3 days price rejections at the 28950- 29000 region is not enough. A second daily bullish Candlestick has to form at the Region to further confirm that buyers are fully in control of the region.

On the Weekly, Aside double top formation. Forming two Bearish engulfs in 4 weeks, is also strong signal we might see a continued bearish activities Next week.

Technically, with this June Monthly candle closing bearish. Asides that it means the whole month has been dominated by sellers, it also signals that we will see a further downside for a retest of the 25800-26000 Major Key Region.

The first two months of the Second quarter of the year had strong Impulse buys on NASDAQ, from 23,756 April Opening Price, to 30,334 closing price of May. But for the last month of the quarter, Price intends to close Bearish with Nasdaq's New ATH at 30,773.

Nice Catch. Your sells was a pullback to my Entry.. Although I took silver instead of Gold.