NQ1! is overall bullish trading inside our brown channel and now approaching the lower brown trendline acting as non-horizontal support, we will be looking for Trend-Following Buy setups.
Moreover, the 15000 is a strong round number currently acting as support.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline.
As per my trading style:
I will be waiting for NQ1! to approach the highlighted purple circle area to look for buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Moreover, the 15000 is a strong round number currently acting as support.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline.
As per my trading style:
I will be waiting for NQ1! to approach the highlighted purple circle area to look for buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich