Bearish continuation on the NASDAQ

7 באפר׳ 2022

We are currently in a premium market in the Nasdaq and as such we are expecting a run into the discount area. Inside the discount area there is a daily TF Fair Value Gap (FVG) which increases the probability of the trend going into the discount area. Currently on the 1hour, an accumulation and manipulation has began on the open of the day which indicated further that we are inducing longs to go short on the day by the 08:30AM open NY time.

Happy trading everyone and be safe!