NASDAQ is going through market maker sell model on hourly time frame.
Market maker sell model:
1st consolidation: 15.1k
2nd consolidation: 15.5k
Objective (Higher time frame PD array): Daily buyside liquidity raid 15.9k
1st phase of distribution: Rejection from 4H bearish order block 50% level 15.8k
2nd phase of distribution: To be formed
In this scenario, Nasdaq has to raid 1st consolidation i.e from 15.8k, it has to go down till 15.1 k level and take the original consolidation liquidity, which seems likely because it is weekly BISI (Bullish FVG)
Not trying to call a top here! but nasdaq will go through correction on higher timeframe which is Market Maker Sell Model in lower time frames.
Market maker sell model:
1st consolidation: 15.1k
2nd consolidation: 15.5k
Objective (Higher time frame PD array): Daily buyside liquidity raid 15.9k
1st phase of distribution: Rejection from 4H bearish order block 50% level 15.8k
2nd phase of distribution: To be formed
In this scenario, Nasdaq has to raid 1st consolidation i.e from 15.8k, it has to go down till 15.1 k level and take the original consolidation liquidity, which seems likely because it is weekly BISI (Bullish FVG)
Not trying to call a top here! but nasdaq will go through correction on higher timeframe which is Market Maker Sell Model in lower time frames.