NASDAQ POSSIBLE BEARISH

24 בפבר׳

on nasdaq we made a new all time high friday, price was moving with strong momentum, and took out the 1d buy side liquidity. now there's probabilities price will retrace back to the 520 level, then continue expanding higher. you can see we have a lot of inefficiencies but the one that the market is likely to go to is the one below the discount zone below the 50% fib level. there's also an +order block on that 4h fvg, which makes it a strong level. if price will not respect the 4h bisi and the +order block then there's probabilities price will come for the 1d sell side liquidity then expand even higher.