CME_MINI:NQU2024
Bullish Scenario
Immediate Resistance Levels:
Bullish Line: : 19,115.75
Target Price 1: 19,168.75
Target Price 2: 19,278.50
Strategy:
Entry: Consider entering a long position above the immediate resistance at 19,115.75.
Stop Loss: Place a stop loss below the nearest support at 19,041.75 to minimize risk.
Targets: Set targets at the...
Short Term Elliott Wave in Nasdaq Futures (NQ) suggests the rally from 4.19.2024 low is in progress as an impulse. Up from 4.19.2024 low, wave ((i)) ended at 17949 and dips in wave ((ii)) ended at 17386. The NQ extended higher in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 18348 and dips in...
The SEED_ALEXDRAYM_SHORTINTEREST2:NQ 4H is currently in a range, marked by a shifting structure to the downside. Despite attempts to regain momentum, buyers have been unsuccessful, as demonstrated by the annotated sweep on the chart. We are now in a holding pattern, waiting for a direction to be chosen. While the overall trend remains bullish, we are in a...
NQ has broken its structure to the downside, disrupting the bullish pattern that had been ongoing for a while.
I am looking for an hourly two-legged pullback to the ~70% retracement zone before making a new low, since the price has broken above a prior lower high. This suggests that buyers want to see higher prices before we possibly make a lower low.
There is...
#NQ_F two-legged pullback (an abc correction leg) has been completed. Bouncing off of the 70% retracement + 4H FVG from the beginning of this month. If a HL were to be formed, I believe 17450 is it. Larger time frame second entry long at play.
SEED_ALEXDRAYM_SHORTINTEREST2:NQ is currently at 16496(on 01/07/24) is expected to retrace towards 16760 before continuing downward bearish expansion.
T1 target - 15920.
If the bearish momentum is aggressive, T2 - 15415.
Price action rules suggest that once a trend line is broke, we tend to make a new extreme before the reversal. As we can see here, price has broke, made a new high, and is not stagnant.
Just as horizontal break and retests are a thing for support/resistance, angular break and retests occur on trend lines as well. It'll be interesting to see.
Gap ups/downs are a strategy used to overcome stubborn levels. The most recent contract rollover is no exception. Opening way above the inflection level guaranteed a bullish session for the NFP day (12/8). The market is positioned for an upside continuation. We may still see some consolidation in the upper part of the channel, representing a clear bull flag...
Hello
I have inserted my personal work chart for this am so I can share exactly what I'm looking at.
I just discovered this today.
There is a gap below current price that should be watched.
I don't suspect many are trading today but if you are, good luck.
Also be mindful trading view is rolling over contracts automatically on charts EARLY and this will give...
The NQ 1-hour chart depicts a clear trading range between the key resistance at 16,085 and the current key support at 15,940, with a prevailing bullish sentiment within this range. Below the key support, a previously tested demand zone ranging from 15,930 to 15,890 exists. Shorting into this demand zone carries high risk, requiring a loss of the key support level...
A potential bull flag is emerging on the NQ 4-hour chart, with the 15945 level acting as critical support. As the market experiences a period of consolidation, we observe a gradual descent towards this support zone. This consolidation phase, following a prolonged bull run, raises questions about the market's next move: will the bull flag lead to another upward...
Overview
NQ seems to be operating within a descending triangle pattern at the moment. This formation doesn't necessarily indicate a bullish or bearish trend, but a breakout in either direction could provide significant insights. In addition to the descending triangle, it's evident that we're currently ranging between two crucial levels: 16000, which acts as a...
NQ - Daily - 14350
This is supply and demand to the tee on the NQ daily. You can see 4 days of resistance before price gapped up 580 points before pulling back. We are now retesting this area. After a demand that large, we are bound to see some sort of interest in buying within this area (theoretically).
If we are to bounce on NQ, this is likely the area we'd...
10/09 Weekly Plan. NQ Futures December NQZ2023.
Weekly Pivot is 14,988 [13D balance HB zone
Targets
15,151 9/20 gap top + 10/6 spike top
15,361 9/18-9/22 weekly vpoc
15,514 prior 5D balance half back
Targets
14,816 250% extension of 5D balance break down
14,628 13D balance zone low
14,526 6/8 gap bottom
Now trading at 15,020 NQZ
Alerts:
You...
We have one large gap above and 2 gaps below. As usual, 4300 and 4200 are the whole number support.
Above 4325; we can go for the gap fill to 4400-4405. Over 4405 is 4465
Below 4300 is 4200 and then 4150 then 4100.
Remember, the JPM collar is calling for 4500 above and then 4050 below.
