NASDAQ Long Trade Idea 📈
Overall, I’m maintaining a bullish bias on the higher timeframes (HTF) for NASDAQ.
Price has recently pulled back into a key extreme demand zone, where we saw a liquidity sweep to the downside. This was followed by strong bullish intent, suggesting buyers stepping back into the market.
After printing a clear break of structure (BOS), price came back to retest the area and continued pushing higher — a strong sign of continuation. This move likely trapped late sellers, especially as we saw a lower timeframe (LTF) SMT divergence, creating a false bearish reaction before moving into our
limit.
Key Confluences:
- HTF bullish structure intact
- Sweep of liquidity into demand
- Strong displacement to the upside
- BOS + clean retest
- LTF SMT divergence indicating seller weakness
- Seller trap / inducement into our entry
Expectation:Continuation to the upside as long as price holds above the demand zone and maintains structure.