This is a daily chart of the NDQ100 (Nasdaq 100) index, published on TradingView, using smart money concepts like liquidity sweeps, order blocks, and Fibonacci retracement levels.

Key Observations:

  1. Liquidity & Market Structure:
    • BSL (Buy-Side Liquidity) was taken near 22,000, indicating a previous stop hunt.
    • SSL (Sell-Side Liquidity) was taken below 20,600, suggesting a liquidity grab before reversal.
    • SSS (Strong Support Structure) is marked at a recent low.
  2. Potential Retracement & Resistance Zones:
    • The chart marks three resistance zones (F zones), suggesting price may pull back into these areas before continuing its trend.
    • These zones align with a 0.5 Fibonacci retracement, a key level in technical analysis.
  3. Projected Price Action:
    • Price may retrace to around 21,200 – 21,600 before facing resistance.
    • A rejection from these resistance zones could lead to further downside.
    • A minor bullish push is expected before continuation.

Conclusion:

The market appears to be in a bearish correction phase, where a short-term bounce is likely before further declines. Traders might look for short positions near the marked F zones if rejection signals appear.

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