NASDAQ 15M - Could this be prep for the next bear run, as you can see price has been very bullish as of recent, creating some crazy highs in the market. What we have seen as of recent is price really slow.
This almost looks like a distribution to me, this could be price preparing for the next down move, correcting itself lower before the next hike up. We can look to take advantage of this, we just need more confirmation.
I would love to see price trade us back up and into the area of Supply I have gone ahead and marked out for us, giving us the ability to get involved with a refined entry.
All we need to do is wait for price to trade itself back up, once it has we want to see a fractal break of structure, looking on the 1M & 5M timeframes, once we have that we simply wait for a 1M pullback and get involved.
This almost looks like a distribution to me, this could be price preparing for the next down move, correcting itself lower before the next hike up. We can look to take advantage of this, we just need more confirmation.
I would love to see price trade us back up and into the area of Supply I have gone ahead and marked out for us, giving us the ability to get involved with a refined entry.
All we need to do is wait for price to trade itself back up, once it has we want to see a fractal break of structure, looking on the 1M & 5M timeframes, once we have that we simply wait for a 1M pullback and get involved.