This 1-hour chart shows a potential short-term reversal on the NASDAQ Composite, identified using Leola Lens SignalPro.
🔍 Technical Notes:
🟢 Price recently tested the upper red supply zone near 21,454, where prior SELL pressure emerged.
⚪ The white trendline (mid-term bias) is still below price, suggesting a test of resilience before reversal.
🔴 Multiple rejections near the supply zone may hint at exhaustion of buying momentum.
📉 Target: 20,868 — aligning with a prior structural pivot and liquidity zone.
🟡 Watch for confirmation via lower timeframe breakdowns before any continuation lower.
The setup reflects a possible supply-zone reaction after an extended rally, with a measured move toward a lower support zone.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always do your own research and consult a licensed financial advisor before making any trading decisions.
🔍 Technical Notes:
🟢 Price recently tested the upper red supply zone near 21,454, where prior SELL pressure emerged.
⚪ The white trendline (mid-term bias) is still below price, suggesting a test of resilience before reversal.
🔴 Multiple rejections near the supply zone may hint at exhaustion of buying momentum.
📉 Target: 20,868 — aligning with a prior structural pivot and liquidity zone.
🟡 Watch for confirmation via lower timeframe breakdowns before any continuation lower.
The setup reflects a possible supply-zone reaction after an extended rally, with a measured move toward a lower support zone.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always do your own research and consult a licensed financial advisor before making any trading decisions.
Trade closed manually
Price has reached the projected target zone and showed a rebound. In such cases, a manual exit near the target can be considered to secure profits when reversal signs appear
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.