NASDAQ weekly Projections

This week on NASDAQ- Monday price has rejected at the 29,600 resistance region. Chances of the upside on the weekly is slim. But today is just the first trading day of the week. I'll sit on my hands.

On the 4hr, a break below 28950-29000 Support region, will indicate a strong downside for the week.

still on the 4hrs, a break above the 29600-29700 resistance region, will indicate strong buys to the upside for the most part of the week.

Meanwhile, on the 15mins, price is trending sideways.

Meanwhile, on the 15mins, price is trending sideways.

The weekly, rejection, has been filled up again, as price is still confined to the Daily bullish channel.

Today's daily Candle on NASDAQ, might intend to close as a Tweezer bottom, or an bullish engulf

Today's daily Candle on NASDAQ, might intend to close as a Tweezer bottom, or a bullish engulf.

Either ways, would mean price intends to buy for the rest of the week. And a break out of the 4hr bearish channel above the 29600-29700 price level today, will solidly confirm price is going up.

The current 4hr is imprinting a very bullish 4hr pinbar known as the Hammer, if this candle closes above the resistance, that will indicate a breakout, but if it leaves a rejection wick above resistance and closes below it, that would mean a fakeout.

The current 4hr is imprinting a very bullish 4hr pinbar known as the Hammer, if this candle closes above the resistance, that will indicate a breakout, but if it leaves a rejection wick above resistance and closes below it, that would mean a fakeout.

The last 1hr candle closed a very strong bullish candle. And here's a picture of what price is doing at the moment

With the imprint of this inverted Head and Shoulder pattern on the Lower timeframe, after completion of the Hns, I'll be joining the break and retest of the resistance region that has held price bound for days on sells.

Nasdaq on Monthly- I'm still having the monthly candle closure, at the back of my mind. I'll expect next month to start with sells first, before going for buys. but today and tomorrow, any buys i'm taking will be scalps.

The purple Trendline is where i'll expect the sells to short down to, before picking on the longs