currencynerd

nasdaq , ustech. us100. swing ANALYSIS. supply and demand + PA

Short
WHSELFINVEST:USTECH100CFD   US Tech 100 CFD
for the past few weeks NASDAQ has been rallying to the upside , this week it set a new record high @ 15790.1 , after price dropped a few points showing that bearish momentum is coming into play as price also closed below daily prev high @ 15706.5 . I am expecting price to push more to the downside to retest daily demand CP @ 15424.5 and consolidate a bit before continuing its push further below to daily demand level @ 14945.4 which is nested in a liquidity pool ranging from @ 15007.0 to @ 14902.7 .

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.