Nasdaq opened strong but moved mostly sideways, showing several quick reversals and low volume throughout the day. Crude oil showed healthier movement and volume compared to gold, which, like Nasdaq, seemed driven mainly by retail traders. I avoided unnecessary risk, took one clean scalp on crude oil, and closed it profitably — a calm but disciplined trading day.

Nasdaq opened higher and consolidated until the start of the European session, when it experienced a notable drop just before the open. However, within an hour, the move faded completely — on low volume — and the price not only recovered but broke above the daily high, followed by a strong rejection. About 25 minutes later, the price fell by 0.8% and tested the daily low within the next hour. 

Roughly an hour before the U.S. open, Nasdaq once again tested the daily high and gained new momentum as the U.S. market opened, but the move lacked real strength. Despite this, the price continued to rise slowly and steadily, increasing by about 1.4% from the daily high over the next two hours, again without significant volume. It was a steady climb with textbook examples of consolidation. 

Two hours before the session close, the market transitioned into a sideways phase, which remained unchanged until the next European open. 

Gold and crude oil both recovered nicely a few hours before the EU open, showing strong upward momentum. However, only crude displayed noticeable volume — gold, like Nasdaq, seemed to move mainly due to retail activity rather than participation from major players. 

I decided to skip most of the day since I didn’t see any truly solid opportunities. I opened only one good scalp position on crude oil and closed it fairly quickly with a profit. A good day overall, despite the slow market behavior.

The entire Asian session was quite favorable for buyers, offering a nice start to the week—but without real volume. The same continued through the European session up until the US market open, where we saw a bull trap and a strong rejection. A very difficult session full of surprises, yet also a textbook example of how liquidity is taken and how undisciplined small players lose both their money and their confidence.

The session started above Friday’s closing price and continued its run, but soon sellers stepped in, pushing the price back down to test the support level near Friday’s US session close before the start of the European session. Both Nasdaq and XAUUSD ended with a solid percentage loss, while oil fluctuated but eventually closed near its opening price.

Nasdaq offered great opportunities for disciplined traders who patiently waited for the market to weaken, since price action during the Asian session lacked conviction, and the first signs of rejection already appeared during the European session.

We must keep in mind that last week ended with strong selling pressure, which brought a deep sense of fear into the markets. Buyers are now uncertain about what’s next, so their activity was limited mostly to observation rather than participation. The Fear and Greed Index didn’t even exceed 13% at its peak.

At the moment, the best approach is patient waiting and occasionally taking advantage of larger short-term corrections with scalp positions—combined with solid money management and smaller positions that can be built upon once they move into profit.

The entire Asian session was quite favorable for buyers, offering a nice start to the week—but without real volume. The same continued through the European session up until the US market open, where we saw a bull trap and a strong rejection. A very difficult session full of surprises, yet also a textbook example of how liquidity is taken and how undisciplined small players lose both their money and their confidence.

The session started above Friday’s closing price and continued its run, but soon sellers stepped in, pushing the price back down to test the support level near Friday’s US session close before the start of the European session. Both Nasdaq and XAUUSD ended with a solid percentage loss, while oil fluctuated but eventually closed near its opening price.

Nasdaq offered great opportunities for disciplined traders who patiently waited for the market to weaken, since price action during the Asian session lacked conviction, and the first signs of rejection already appeared during the European session.

We must keep in mind that last week ended with strong selling pressure, which brought a deep sense of fear into the markets. Buyers are now uncertain about what’s next, so their activity was limited mostly to observation rather than participation. The Fear and Greed Index didn’t even exceed 13% at its peak.

At the moment, the best approach is patient waiting and occasionally taking advantage of larger short-term corrections with scalp positions—combined with solid money management and smaller positions that can be built upon once they move into profit.

The entire Asian session was quite favorable for buyers, offering a nice start to the week—but without real volume. The same continued through the European session up until the US market open, where we saw a bull trap and a strong rejection. A very difficult session full of surprises, yet also a textbook example of how liquidity is taken and how undisciplined small players lose both their money and their confidence.

The session started above Friday’s closing price and continued its run, but soon sellers stepped in, pushing the price back down to test the support level near Friday’s US session close before the start of the European session. Both Nasdaq and XAUUSD ended with a solid percentage loss, while oil fluctuated but eventually closed near its opening price.

Nasdaq offered great opportunities for disciplined traders who patiently waited for the market to weaken, since price action during the Asian session lacked conviction, and the first signs of rejection already appeared during the European session.

We must keep in mind that last week ended with strong selling pressure, which brought a deep sense of fear into the markets. Buyers are now uncertain about what’s next, so their activity was limited mostly to observation rather than participation. The Fear and Greed Index didn’t even exceed 13% at its peak.

At the moment, the best approach is patient waiting and occasionally taking advantage of larger short-term corrections with scalp positions—combined with solid money management and smaller positions that can be built upon once they move into profit.

The entire Asian session was quite favorable for buyers, offering a nice start to the week—but without real volume. The same continued through the European session up until the US market open, where we saw a bull trap and a strong rejection. A very difficult session full of surprises, yet also a textbook example of how liquidity is taken and how undisciplined small players lose both their money and their confidence.

The session started above Friday’s closing price and continued its run, but soon sellers stepped in, pushing the price back down to test the support level near Friday’s US session close before the start of the European session. Both Nasdaq and XAUUSD ended with a solid percentage loss, while oil fluctuated but eventually closed near its opening price.

Nasdaq offered great opportunities for disciplined traders who patiently waited for the market to weaken, since price action during the Asian session lacked conviction, and the first signs of rejection already appeared during the European session.

We must keep in mind that last week ended with strong selling pressure, which brought a deep sense of fear into the markets. Buyers are now uncertain about what’s next, so their activity was limited mostly to observation rather than participation. The Fear and Greed Index didn’t even exceed 13% at its peak.

At the moment, the best approach is patient waiting and occasionally taking advantage of larger short-term corrections with scalp positions—combined with solid money management and smaller positions that can be built upon once they move into profit.