NASDAQ 15 MIN TIME FRAME 7/25/2024

Internally, we have likely completed leg 1 towards the downside, with the current distribution schematic marking a structural shift. Selling Nasdaq around 20400 is considered optimal trade entery supported by the value area high. Without forming leg 2, long-term selling perspectives face challenges under current conditions.

Consequently, selling at present is a risky option. I am inclined to seek buying opportunities on corrections, which could manifest as ABC, flat, or WXY triangle patterns. This counter-trend approach may entail prolonged and choppy price movements.

Nevertheless, internal standard deviations suggest caution in selling cycles. Hence, I will cautiously initiate small-risk purchases on Nasdaq, ideally targeting sell-offs above 20000I