NQ1! morning updateMy count has wave 5 of 5 of primary wave 3 complete, primary wave 4 projected to complete towards October 2022 low of 10484.75. I'm looking at 11806.25 to be support for primary wave 4. Area in orange ellipse ends of being an expanding leading diagonal 1 of 5 of 3.by discobiscuit0
NQ Scalping Zones 4/25Zones have kept me safe no matter what news is coming out. All I focus on is my levels and trading within the ranges. Come join the team and bank!!by QuantumEdgeAnalytics0
Looking for buys 1. Daily BSL 2. Daily bullish ob 3. FSL 4. Imbalance above to fill 5. 1hr ob Longby brittnie442
Nasdaq Analysis: Fibonacci Retracement and RSI DivergenceThe Nasdaq has reached an intriguing point around the 17200 area, where it sits at the 61.8% Fibonacci retracement level from the previous swing low. Price action appears to be responding to this level on lower timeframes, and we've also observed a divergence on the RSI indicator on the H4 timeframe, coinciding with the price attempting to move out of oversold conditions. We are considering a scalp position with a potential take profit at the 38.2% Fibonacci level, and possibly at the Point of Control (POC) Volume for an extended take profit. Longby FOREXN1Updated 114
NQ Power Range Report with FIB Ext - 4/25/2024 SessionCME_MINI:NQM2024 - PR High: 17486.75 - PR Low: 17437.25 - NZ Spread: 110.25 Key economic calendar events 08:30 | Initial Jobless Claims - GDP Strong inventory run to close prev session - Mechanical print resulting in pivot back into 4/23 range - Another technical session gap that structurally filled but left room to the close - Full gap fill at 17509 Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 294.38 - Volume: 28K - Open Int: 253K - Trend Grade: Bull - From BA ATH: -6.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone by mv3trader50
NQ! .78 Fib RejectionOpen gap on ES1!, we knew it had to go lower. Thought the catalyst would be PCE friday but Meta earnings did it. I think they dont even look at earnings numbers, they just use the event and hit sell. NQ! .78 fib rejection is a clear reversal signal imo. Expecting at least the .618.Shortby MightAssTouch0
NQ may go lower Based on this Gann chart which is quite telling of pivots we could see more downside than we have seen so far. Contradicts my MNQ chart and another NQ chart I posted but this is HTF and could signal more capitulation if there is no peace in the middle east. Shortby PatientTrades1
MNQ at key level Gann says we're at a key horizontal level here. From the looks of it we could be dealing with a magnet - bears exhausted, bulls exhausted - I figure any excuse to push up or pull down around this pivot will play out. Earnings and economic catalysts likely to give us direction for the time being. Look to May 22nd for the next vertical pivot - we will get a clear direction in about a month and will see a trend form. by PatientTrades0
NQ bouncing key gann levels after maxing Believe we will end the week bullish as long as we hold this low from the open. We should retest the upper line within 3-5 days max. Cut on a 2h close below low presented here. Longby PatientTrades0
NQ - War On BuystopsSimilar to ES, NQ witnessed a massive sell off; close to 1000 handles meaning that if you had 1 contract running from last Thursday’s high and closed out at the bullish daily order block @ 1789.75, you would have booked close to $20,000. Many professional traders are trading with 5, 10, 15 contracts and yes, although taking profits is very important, I am sharing the general scope of how yearly wages can be made in a few days if our stay consistent and manage risk. I want to see a continued selloff before intraday 1 hour buystops are ran on before considering a trade. Observing 17553.25. 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 KORTANLongby LegendSinceUpdated 2
Quick look at DXY and NQThis week, DXY TVC:DXY (US Dollar Index) may see accumulation as investors monitor economic data for signs of inflation and Federal Reserve's stance. NQ CME_MINI:NQ1! (Nasdaq 100 Index) might fluctuate amid tech earnings and global uncertainties like geopolitical tensions and inflation fears. I will closely watch these indices for market cues in coming week. 07:54by JP_TruUpdated 2
MNQ Reaction to daily zonePrice is reaction to a daily zone. Now I think, market will go for higher pricesLongby AkthuriUpdated 1
2024-04-24 - a daily price action after hour update - nasdaq Good Evening and I hope you are well. overall market comment Bulls got excited again and calling for new all time highs after a 3 week selloff. Well today was the expected disappointment for the bulls, after euphoric bears got disappointed last week. That’s what markets do after wild moves. No one knows where it’s going and market is looking for the fair price (average price if you will). It’s reasonable to expect more sideways movement before another trend up or down (I do think bears are heavily favored). nasdaq e-mini futures comment: after hours puke is freaking amazing. current market cycle: trading range key levels: 17200 - 17800 bull case: Bulls tried their best today to keep this a trading range above 17600 but after hours is puking bad. 17800 was a reasonable spot for a pull back and also good to take profits or get rid of underwater longs from late bulls. They have to keep the market above 17500 or 17400 is probably next again. On the daily they could get a second leg up for another test of the daily 20ema around 17900, which then would also form a reasonably good looking bear channel. Interesting end of the week tomorrow and probably signal bar going into next week. bear case: When in doubt, zoom out. Daily chart tells the story better than lower time frames. I have drawn the wave thesis 2h before us close and boi did that hit. Painting says it better than my words can. I expect another retest of the lows, then another lower high to form a two legged pull back on the daily chart before we sell off for w3. short term: Sideways to down - Invalid above 17700. Targets below 17400 and then 17200 medium-long term: Same as sp500 - Clear start of the new bear trend. Will cover this with wave thesis and targets in weekly outlook. trade of the day: Big liquidity grap bar 34+35 got me stopped out but I’m stubborn and got back in. Caught the big move down. One had to get short latest below bar 39. Sorry for the chart picture but I have no idea why tradingview wont render it properly in the posted idea - so had to insert screenshotShortby priceactiontds0
Volume Profile Day Trading NASDAQ FuturesHad another great day trading Support and Resistance precision with Volume profile. I swear Volume Profile is like a cheat code for the markets. I want every trader to start learning and practicing this method!Editors' picksShort17:34by norok1717638
NQ1! morning updateI'm looking at price action from ATH as having completed an impulse wave down to 17181.75, with an expanded flat corrective wave (area in orange ellipse), likely to complete today. Wave C (bulls, green) or wave 3 (bears, red) should be another impulse wave down below low of 17113.25.by discobiscuit1
n1 downlooking for a short . very near the high of a range. short. confirmation fromn dot longShortby Elektra330
NQ remains relatively stronger to ESSpreader's delight. the Long NQ, Short ES spread continues to work in favor of the tech bulls.by Emmonspired0
NQ Power Range Report with FIB Ext - 4/24/2024 SessionCME_MINI:NQM2024 - PR High: 17698.50 - PR Low: 17664.00 - NZ Spread: 77.0 Key economic calendar events 08:30 | Durable Goods Orders 10:30 | Crude Oil Inventories Daily gap up print of ~65 points, 0.35% from prev close - Climbing above prev session high - Inside lows of 4/17 range Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 295.59 - Volume: 30K - Open Int: 254K - Trend Grade: Bull - From BA ATH: -5.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone Longby mv3trader50
Idea from FVG on M5 to Relative Equal Highs Idea from FVG on M5 to Relative Equal Highs Price reached order block on weekly. We may see some measure of retracement.Longby TRADING_as_a_BUSINESSUpdated 222
NQ Weekly Levels (Apr21-26)Here are my levels after a few weeks off. Bullish trend was broken with the drop below the upward trendline. Now trading below key emas. Green box represents important support as price pulls back to key fibs and the 200 sma. Watch for outsized move in either direction due to option volatility. Bounce back into the ema cloud or break of support are equally possible. SUMMARY NQ posted a 5.47% loss last week after trading in a huge 1236 pt range. NQ closed below the 2021 high & the 9/21/55 emas. R2 = MTF 236 Fib RT (17644) R1= Dec 29th High (17415) S1 = MTF 382 Fib RT (17016) S2= 200 SMA (16770) Bias is down to sideways as upward trendline has been broken. 200 SMA price magnet in play Strong bounce from 200 sma/ trendline support is possible Econ data this week includes PMI on Tues, GDP on Thurs & PCE on Friday Huge week for earnings with Mega caps reporting including MSFT, TSLA, GOOGL & META. Global event risk is high Rate sentiment has changed from rate cut to rate hold or raise due to persistant inflation. RSI 28.76| VIX at 18.70 | 10 year 4.62% by WadeYendallUpdated 4
Daily Demand Zone mitigated now can we SCALE LONG this week...?CME_MINI:NQ1! "Never let the fear of striking out get in your way." - Babe Ruth I'm truly interested in going long on this asset... Being that Sellers dropped the Market off a Cliff... When the market opened up on Sunday April 14th, 2024 last week Sellers held the stronger hand and dropped the market off a cliff... Pushing price all the way down into an Unmitigated Daily Demand zone... Now i'm going to scale down to the LTF 15-5m and wait for a confirmation entry.... Preferably a nice 15m CHoCh & Break of the 1Hr Supply Zone then i'll be interested in going LONG....LETs stay focused and see what PA will give us this week.... Its time to reach EXCELLENCE!! Stay Focused!! -Management500K #BHM500K #NewERA #Champions Longby TreyHighPwrUpdated 114
nasdaq pushtoday we seem to go higher. . all blue lines mark key swings. trade around them. Longby Elektra330
NASDAQ PMI SHORT PLAYPlaying this off the bearish order flow with a retrace back to previous day prices of interest. Target is below previous low's. Expecting NQ to melt.Shortby FlatWorldForex0