Hello everyone. NQ has been retreated from key fib level of around 13744 last Wednesday.
Now, it's approaching the nearest demand zone on the daily(12740-12930). That's a 210 points wide range, coincided with flip level.
I would like to see if the zone will the respected. If so, Previous high around 13744 would be the short-term target.
It'll be a volatile week as Fed chair Jerome Powell would comment on inflation at the Central bank's annual Jackson Hole economic symposium. Investors will digest what he says and bet on how much Fed will hike the interest rate. Would it be 75bps or 50bps?
What if the zone gets violated? 12150-12038 would be served as the second defense zone. What do you think? Give me a like if you're with me.
Now, it's approaching the nearest demand zone on the daily(12740-12930). That's a 210 points wide range, coincided with flip level.
I would like to see if the zone will the respected. If so, Previous high around 13744 would be the short-term target.
It'll be a volatile week as Fed chair Jerome Powell would comment on inflation at the Central bank's annual Jackson Hole economic symposium. Investors will digest what he says and bet on how much Fed will hike the interest rate. Would it be 75bps or 50bps?
What if the zone gets violated? 12150-12038 would be served as the second defense zone. What do you think? Give me a like if you're with me.
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