Orderly drop Overnight after a Pop. Looks weak and may see some buying today. Range for the day, red line Long above and Short below. Feeling a bounce today, at some time. Stalling is falling so use targets. Lower Channel would be major support.
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Long at 11790
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Bounce off TL and target 11940, stop 40 back.
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Add at 60 and move stop.
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Drop/Pop set up, should be a good one.
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Basing at 60 place stop 20-30 back just in case.
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May stall at 11823, drop 1 there.
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Drop 60 add at 810
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Let 1st run with stop 50 back, profit on add so no risk here.
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Have a good one, stepping away. Look Long today, PA looks fake to downside. Expect some magical moves today.
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Asia, EU lower. Expect US to redirect today.
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Long got to 11907, Long above 11775 for now. NAZ in Mid Range of day and no idea where to go.
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11940 hit, 12073 is next.
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11909 is Top 1st30M, NAZ will retest this and failure is a drop back under and to potentially Bottom 1st30M 11695
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Not a clear run up here, NAZ just back to Overnight Highs, may drop/pop.
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Stalling is Falling, Short trade may appear after multiple No Pass at high. Stepping away.
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12000 and under is a Short for now and 909 must hold.
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NAZ is basically at yesterday low. Careful here with FOMO as the drop could easily follow and will once the stall takes place. Dead Zone Magic will try and lift NAZ one last time and may actually work so, follow.
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12143 is a Key Level and Look Short should NAZ not pass.
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140 or so off highs, looks like the NAZ will play the Open Range, the 1st 30m Top/Bottom.
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Open Range, 11800 is good Support.
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WE HAVE a 2 WAY Day, this is just Crazy. Lets make it 3 way, back up or 1 way down from here? The 3 way would be pushing things, so I think we go lower as Algo's are most likely locked in NOW.
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Care 11937 and under is Short Zone. NAZ will need to pass and retest. Just tested top 1st 30M, will need to pass.
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3 Way Day? No way, this will come back down. Stay Long if you bought at 11800 support. just trail.
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Mid Channel Hit, May see bounce.
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Careful, NAZ breaks below low and Pivot at 11530 may be the Target.
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Highly Likely, if Not Go Long.
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Mentioned these moves earlier: Open Range retest, and here we are at 1st30M Bottom and No 3 Way Day, Algos' get locked in. I think we go lower and would be surprised if we see 3 way day. Today was Overnight down, Open Up and Back to low of day, we have gone nowhere. This may suggest a bounce. Many of these are quickly sold off so be careful.
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IDS 50 Range Bar. The TL's that cross are TLX's. This may come back down should it not pass 11907. If it does, we have a 3 way day.
Trade closed manually
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3 Way action, time to celebrate. NAZ does nothing. at least it moved some to create some trades.
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Follow yellow arrow, TLX's are turning points and then targets.
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Overnight propping continues. Yesterday drop was fake and was done to look like a normal drop. Go Long, Long and Long.
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On Long targets, white lines work. When retrace and 2nd peak is lower, look for a reversal pull back to a lower TL. TL bounce is expected and Short after Lower peak to TL and expect the break lower.
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Circles are example and empty is expected next.
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Thick White is max lift Target.
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Turn developing between 12050 and 80. Let's see, will update in morning.
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Top of Lower Channel is 12125, may fall back if staying in channel. Could be reason for the Prop.
what a day, 3 way omg, what does it even mean .. we ended flat, tomorrow bounce? 401k, lot of buyers?
Miklos2020
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Hello @MAZing what you mean with 2 way or 3 way day.. i am following what you write but cant relate to this expression... many thanks for all the comprehensive analysis
MAZing
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@Miklos2020, NAZ provides many 1 way days. Up or Down. 2 Way days are both and are seldom, 3 way are never the case. Today appeared to be the start of 3 way and I said , no way that would be too good.