NASDAQ a short term move 🦐

Apr 19, 2023

NASDAQ on the 4h chart took the liquidity above the previous highs at 13125.
The market tested the 13200 below a previous resistance and created a bearish engulfing candle.

How can i approach this scenario?

The price is approaching an ascending trendline and IF it will break it during the US session i will consider a short order according to the Plancton's strategy rules.

Apr 19, 2023

Note

moving lower as expected

Apr 20, 2023

Note

reaching the demand area

Apr 21, 2023

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testing the support area

Apr 25, 2023

Note

possible lower low

Apr 26, 2023

Note

1.9% move in the expected direction

Apr 27, 2023

Note

a bounce over the support