NASDAQ weekly Projections

Price has retreated from pushing higher. Possibility of getting to my order is slim, but I'll still leave it. CPI might kick in with buys first, triggering the Entry at 30782 without reaching my SL at 31061 then continuing in its bearish direction.

From view price is reacting more at demand of the previous broken support, and an old order block is sitting around that area marked with the red rectangle box, there is a trend reversal forming at that level don't just look at the old price that's not a pullback or retracement it's a reversal forming

Either way, price is stalling. It's best to wait for price to give a clear breakout before the next objective decision is made.
The Demand zone won't hold for long because the reaction from that zone is mere retail price action and not institutionally sponsored.
Expect a sell continuation down to 30,161, if price does not continue higher to my entry region at 30,800 price level.

No one knows what CPI will do, just remove the limit and wait for the news so you don't take unnecessary loss

Yes sure but a breakout to your entry is change in direction except it's a false move

I won't consider it as a change in direction. Price can breakout and still retrace higher for a retest of the flag trendline as a resistance which can possibly confluence with my entry. (30872)

I'm not afraid to take a loss, as long as it is within my calculated risk.
Losses you avoid now can still be incurred later, so it's better to take the loss early, learn fast from it, and improve quickly.
And if the trade turns out a win trade, it builds more confidence and assurance that same principle that works will repeat the same outcome, under similar market outcomes in the future.
So, I'm leaving my Limit order intact. (Entry-30782.3, SL-31061)
But before CPI at 1.30pm I'll review my setup from the volatility that will kick in by 1.pm

Price has started reversing on Nasdaq

Yeah. Price reversed without going for my entry at 30782. Approaching my Exit at 30161

Then you will have to reacces the level and look for further sells opportunities I have marked out a level with the rectangle box will wait for a retracement to the level before selling on long term

Yes, I'll re-analyze the setup. But I'm not looking to trade it today again.
Price is approaching my Exit Level at 30161.88.
I'll be watching if it will invalidate the support level and continue the sells, or if it will make a rebound from the level instead.

Yes, I'll re-analyze the setup. But I'm not looking to trade it today again.
Price is approaching my Exit Level at 30161.88.
I'll be watching if it will invalidate the support level and continue the sells, or if it will make a rebound from the level instead.

NAS 100 Update-CPI came out higher than expected signalling a higher inflation and a hawkish tone for NAS 100.
A break below 30145 price level, and we'll see price continue the downside movement aggressively.