Weekly Chart Setup and Key Levels The analysis begins with the NASDAQ weekly chart for a December 2024 delivery contract, pinpointing a high and its subsequent retracement. Premarket guidance and volume imbalances set an upside objective around 21,580. Breaking this high is expected to signal a decisive move, establishing critical reference points for future trades.
Daily Chart Insights and Fibonacci Objectives A transition to the daily chart reveals retracement patterns with Fibonacci reference points, using a quarter-range breakout as a rule of thumb. The setup outlines a clear objective with well-defined thresholds once the high is confirmed. This method aligns previous guidance with current liquidity targets while emphasizing cautious progression at all-time highs.
Intraday Analysis and Trading Zone Identifications Intraday charts, ranging from the hourly to the one-minute timeframe, highlight a narrow trading range and signal an anticipated breakout around 10:00. Precise price levels, such as the key low near 2,490, are marked along with designated minor buy and sell zones. The alignment of these technical levels supports potential moves toward targets at 21,490 and 21,580 while confirming evolving market structure.
Short-Term Execution, Inefficiencies, and Future Outlook A deep dive into the 5-second chart exposes inefficiencies, volume imbalances, and order executions that validate the trading plan. The observed price action, marked by a bull flag and reclaimed sell-side balance, underscores the challenge of precision entries and exits. Aggressive moves into lower levels support the identification of sell-side liquidity, with future reviews set to cover Forex, index futures, and commodity markets as trading resumes.