Daily analysis and trade setups on NASDAQ 20220721

NASDAQ is likely to consolidate between 12300 and 12700 levels unless PMI data or Friday golden hour breaks one of the sides

Blue level B & C as well as mega level Brown B are in play

Break below 12400 can go as low as 11950

Break above 12650 can go as high as 13060

Buy
Breaks: 12600, 12650, 12710, 12790
Reversals: 12460, 12375, 122215

Sell
Breaks: 12500, 12465, 12350
Reversals: 12700, 12815, 12910, 13030

Chart with Green Goblins here


Chart with confluence zones here