Overview
This review focuses on recent NASDAQ price action, including analysis of fair value gaps, specific trading executions, and market behavior, with a caution about upcoming news.
Fair Value Gap Analysis
- Identified a fair value gap where a price drop was likely.
- Noted potential for inversion fair value gap if price moves above the gap.
- Highlighted another gap area as the next market draw.
- Advised caution regarding a smaller gap in the chart.
One-Minute Chart Observations
- Demonstrated live execution on X, analyzing candlestick behavior and liquidity draws.
- Emphasized liquidity runs without taking out certain highs.
- Recommended viewing a linked X account video for detailed walkthrough.
Trade Execution Details
- At market open (9:30), identified movement away from relative equal lows.
- Described rally above the opening level, with personal entry at the high inside the fair value gap.
- Set initial stop loss at half the wick of the entry candle.
- Market moved lower, targeting relative equal lows for liquidity.
Market Behavior and Outlook
- After initial drop, NASDAQ price meandered for the remainder of the day.
- Anticipated continued movement towards a daily objective over time.
- Warned of significant upcoming news the next day and advised caution.