Trade Idea – NQ (Sell Setup)
* Timeframe: 1H
* Entry: 26950
* SL: 26350
* TP: 25250
* RR: 1:3
- We dropped from 26349 to 25536 after moving from the Jan2026 lows near 25000 to the Jan highs at 26349, which marked a 0.618 Fib retracement.
- From the sharp sell-off between 25536 and 26050, price has already completed another 0.618 retracement, which I consider a classic dead cat bounce.
- The break of structure (BOS) was confirmed once we closed below 26,100, so this move back to 26050 is corrective rather than impulsive.
- The decline from 26349 to 25536 formed Wave A to B. After the current 0.618 retracement up to 26050, I expect price to complete Wave C to D, targeting the 25250 area.
- The RR setup is excellent, with approximately 255 points of stop loss versus 848 points of potential profit, giving a 1:3 RR.
- There is also a strong probability of a deeper move back toward 25000, which aligns with the 0.618 Fib retracement from the Nov 2025 lows to the Jan 2026 highs.
* Timeframe: 1H
* Entry: 26950
* SL: 26350
* TP: 25250
* RR: 1:3
- We dropped from 26349 to 25536 after moving from the Jan2026 lows near 25000 to the Jan highs at 26349, which marked a 0.618 Fib retracement.
- From the sharp sell-off between 25536 and 26050, price has already completed another 0.618 retracement, which I consider a classic dead cat bounce.
- The break of structure (BOS) was confirmed once we closed below 26,100, so this move back to 26050 is corrective rather than impulsive.
- The decline from 26349 to 25536 formed Wave A to B. After the current 0.618 retracement up to 26050, I expect price to complete Wave C to D, targeting the 25250 area.
- The RR setup is excellent, with approximately 255 points of stop loss versus 848 points of potential profit, giving a 1:3 RR.
- There is also a strong probability of a deeper move back toward 25000, which aligns with the 0.618 Fib retracement from the Nov 2025 lows to the Jan 2026 highs.
Trade active
So far trade is going amazingly.Trade closed: target reached
TP hit... Amazing trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.