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NASDAQ JULY MONTHLY STRUCTURE OHLC (SELL SETUP) 🔻🔻🔻🔻
NASDAQ JULY
MONTHLY STRUCTURE
OHLC (SELL SETUP)
🔻🔻🔻🔻
The July monthly structure for NASDAQ in 2023 can be analyzed through the OHLC (Open, High, Low, Close) framework. Currently, a sell setup seems to be emerging as NASDAQ's NAs100 index has formed an OPEN HIGH LOW CLOSE structure on the daily timeframe. This structure has effectively rejected prices below the sell zone at 15582.08. Based on this configuration, a potential target for a sell setup is anticipated to be at 15255.22, following a confirmation from the TDI (Trade Dynamic Index) crossing.
Another confirmation supporting the bearish stance for NASDAQ is the presence of a perfect bearish divergence observed on the daily timeframe, spanning from June 16, 2023, to the current price on July 14, 2023. This divergence suggests a potential shift in market sentiment and further supports the selling bias. Currently, we are awaiting a TDI cross on the daily timeframe, which will serve as an additional confirmation of the presence of sellers in the market.
Moreover, it is strongly believed that price will open high today during the market's opening session. This provides an opportunity to capitalize on selling at the peak of the New York trading session. Additionally, there are indications of a possible formation of a head and shoulder pattern, with the market currently in the second leg of the right shoulder during the pullback phase following the initial breakout.
In light of these observations, it is essential to exercise patience in the markets, closely monitoring the evolving patterns and price action. Furthermore, there is a possibility of an evening star pattern developing on the daily timeframe, which further reinforces the bearish sentiment.
By providing this comprehensive analysis with a professional tone and incorporating specific examples, we can gain a deeper understanding of the July monthly structure for NASDAQ in 2023, focusing on the OHLC framework, sell setups, bearish divergences, TDI crosses, and potential pattern formations such as head and shoulder and evening star patterns.
Target 1 - 15255.22
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
Please support this idea with LIKE, FOLLOW & SHARE if you find it useful.
P A T I E N C E + D I S C I P L I N E
MONTHLY STRUCTURE
OHLC (SELL SETUP)
🔻🔻🔻🔻
The July monthly structure for NASDAQ in 2023 can be analyzed through the OHLC (Open, High, Low, Close) framework. Currently, a sell setup seems to be emerging as NASDAQ's NAs100 index has formed an OPEN HIGH LOW CLOSE structure on the daily timeframe. This structure has effectively rejected prices below the sell zone at 15582.08. Based on this configuration, a potential target for a sell setup is anticipated to be at 15255.22, following a confirmation from the TDI (Trade Dynamic Index) crossing.
Another confirmation supporting the bearish stance for NASDAQ is the presence of a perfect bearish divergence observed on the daily timeframe, spanning from June 16, 2023, to the current price on July 14, 2023. This divergence suggests a potential shift in market sentiment and further supports the selling bias. Currently, we are awaiting a TDI cross on the daily timeframe, which will serve as an additional confirmation of the presence of sellers in the market.
Moreover, it is strongly believed that price will open high today during the market's opening session. This provides an opportunity to capitalize on selling at the peak of the New York trading session. Additionally, there are indications of a possible formation of a head and shoulder pattern, with the market currently in the second leg of the right shoulder during the pullback phase following the initial breakout.
In light of these observations, it is essential to exercise patience in the markets, closely monitoring the evolving patterns and price action. Furthermore, there is a possibility of an evening star pattern developing on the daily timeframe, which further reinforces the bearish sentiment.
By providing this comprehensive analysis with a professional tone and incorporating specific examples, we can gain a deeper understanding of the July monthly structure for NASDAQ in 2023, focusing on the OHLC framework, sell setups, bearish divergences, TDI crosses, and potential pattern formations such as head and shoulder and evening star patterns.
Target 1 - 15255.22
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
Please support this idea with LIKE, FOLLOW & SHARE if you find it useful.
P A T I E N C E + D I S C I P L I N E
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