We are in possibly the strongest most Bullish Market ever... The Buy the Dippers are in seventh heaven, and the permaBear Contrarians are in the dumps... BUT if you read My Idea about Seasons, and how there is a time for everything under heaven... I'm beginning to think about getting heavily back into SQQQ and using 60" charts instead of daytrading Futures... This...
overall, if the continuation holds, keep buys or look on lower time frames to add buys upon wicks where price has sold off. Creating a minor zone for buys. If price retreats from the high. the least path of resistance is 12,400 upon a trendline pattern of creating higher low. Trade what you see KISS - Keep it simple stupid. Many thanks, Team Lupa
Contract - CME_MINI:NQZ2020 - High - 12589.00 - Low - 12571.50 Current Stats - Gap: = N/A - Session Open ATR: 197.56 - Volume: 17k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting....
#NQ1! | Looks like a drop? #NQ1! Candle of October just taking a simple #fibbonaci_extension at 127.20% looks like an interesting and potential drop. Not yet confirmation but worth to look it carefully.
1st target 12062 2nd target VWAP 11816
Tecnical analysis: We can see several saw teeth throughout the trend, the price trying to reach lower levels and bouncing off the ema 200. After having exceeded the previous historical maximum that corresponds to the upper zone of the purple zone, we can see how the price has gone down there and bounced in that area. We can see a very important bullish volume...
Contract - CME_MINI:NQZ2020 - High - 12569.00 - Low - 12522.50 Current Stats - Gap: = +0.12% - Session Open ATR: 204.80 - Volume: 19k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
Copyright Rohan Karunaratne 2020
Earnings this week: Dec 8th : AZO, GME, CHWY, THO Dec 9th : ADBE, CPB Dec 10th : LULU, ORCL, COST Copyright Rohan Karunaratne 2020
+2 Fractal +2 Box trading (or Triangle) +1 High time frame (1H ~) +1 Candle Trading Strategy Quality 6 / 10
We are about to transition into a new channel a bit lower. I expect a speedy recovery.
Are we going to look a BEAR market next week?! or just too soon?
Thank you TradingView. This is an awesome tool. I like it on a 30 minute chart. This is the timeframe that was used when they came out with Volume Profile TM. Allows for laser precise entries and exits.
All info is on the chart. Good luck
Contract - CME_MINI:NQZ2020 - High - 12496.50 - Low - 12474.00 Current Stats - Gap: = N/A - Session Open ATR: 212.26 - Volume: 14k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting....
NQ 4 HOUR Rising wedge? Testing Sep highs on diminishing volume and negative divergence on momentum. Breakout? Or breakdown?