Nasdaq: Analyzing Converging Signals - Scalp

Nasdaq has entered an intriguing supply zone following its recent decline, where we've identified a convergence of signals hinting at a potential price rebound and value appreciation. These signals include a divergence on the Stochastic indicator coupled with the presence of the 78.6% Fibonacci level.

One potential scenario could involve a Local Double Bottom formation, suggesting a potential opportunity for a long scalping position. Our strategy anticipates setting a target at the Point of Control (POC) volume, with the stop-loss positioned just below the identified pattern.