TradingView
LegendSince
Feb 20, 2024 5:25 AM

NQ - Weekly Absolute Perfection Short

E-mini Nasdaq-100 Futures (Mar 2024)CME

Description

Last week, I was on a lookout for a continuation of shorts, running through intraday sellside liquidity @ $17,717 with $17,690.25 being the daily bullish order block.

What we have witnessed is perfection in the sense of accumulation, manipulation then distribution and i am expecting further downside for the week until the liquidity void from the 30-31st Jan 2024 is filled

My philosophy is simple...

Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.

This includes;

- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!

The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.

Credits;

- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN

Comment

$18,144.75 new ATH has been made but CME_MINI:NQ1! failed to close above previous days close.
In comparison to CME_MINI:ES1! and CBOT_MINI:YM1!, CME_MINI:NQ1! is the only pair not to create a high.

I am still short until we see candle body close above ATH; $18,144.75 just like CBOT_MINI:YM1! and CME_MINI:ES1!
More