More possible downside for NQ
Price has moved for ERL(ATH) to IRL(Weekly Bullish OB) which created a MSS on the weekly time frame.
Price has retraced nicely off of the Weekly OB and is now entering premium of the current dealing range on the daily
- This week we will not trade on Monday as there is no news and will be expecting accumulation.
- If market sentiment has truly shifted I am expecting to see Monday accumulation, Tuesday to create the high of the week into that daily FVG, and then expansion lower to reach for previous weeks low.
- If that Daily FVG is violated I’ll be expecting ATH again.
Price has retraced nicely off of the Weekly OB and is now entering premium of the current dealing range on the daily
- This week we will not trade on Monday as there is no news and will be expecting accumulation.
- If market sentiment has truly shifted I am expecting to see Monday accumulation, Tuesday to create the high of the week into that daily FVG, and then expansion lower to reach for previous weeks low.
- If that Daily FVG is violated I’ll be expecting ATH again.