The NASDAQ 100 index is currently indicating a sell zone with its value at 17988.00 Traders may consider taking profit at various levels, such as 17,872.42, 17,700.00, and 17,601.18, as these points represent potential profit-taking opportunities. Additionally, it's prudent to set a stop loss at 18,861.78 to mitigate potential losses in case the market moves...
Had 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!
The March CPI was reported at 3.5%, higher than expected on April 10. This development triggered a sharp decline in the stock market, with a total drop of 8.5% from the recent high. Could this downward movement signal the onset of a major bear market, or is this sell-off simply a retracement, setting the stage for the bull market to resume? We will explore this...
Oddly, we got the dump with no pump today. MFI is oversold but RSI is not. ES and RTY are not oversold on any indicator. On top of that, my favorite stock, PCAR, took a complete crap on earnings, lol. Gonna wait until tomorrow for a long position. Made a little money with puts today, but I'm just playing with small positions. More room for downside, but...
NQ 4hr chart showing multiple trend lines and supply/demand zones.
Will the 2021 peak happen again ? consolidation occurs like in 2021, will history repeat itself?
Looking at NQ futures chart, we seem to be in a clean bear flag. If at the time of FOMC announcement and J. Powell talking (2-3pm est), if the market is relatively at the bottom of the channel, I'd be looking for the Bear Flag follow through. The risk/reward on this pretty huge considering the trade accounts for a 400 point drop if it plays out as the charts show...
this is a trade i took today. I'm testing out the publishing tool on Tradingview.
Narrative: Price is currently in an uptrend, price seems to have taken out sell side liquidity (EL). After price takes out sell side liquidity(SSL) price retraces and takes out internal liquidity & is now expanding to the upside to take out buy side liquidity.
Bearish SMT at the highs indicating that there is a higher probability for a short term retracement if price stays heavy
I see the Nasdaq futures taking a pull back through the month of May down to bounce off the highs from 2022 (~16500). I think this will happen as the dollar increases due to the EU Bank cutting interest rates or at least hinting at cutting rates later this week before the US Fed does. CME_MINI:NQ1! NASDAQ:QQQ
Bearish on NQ. PDAs as identified. Trying not to spend too much time predicting the narrative at the beginning of the week, however price is likely to interact with these zones.
The trend is way below.. this could be one of the biggest drawdowns.
Hello,Friends! NQ1! is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of...
Hello ! Here is my setup for the next week on Nasdaq. Main trend is very bullish, but as you can see, there is a bearish short trend. Also, this flag is a continuous trend pattern, that's mean I'm more waiting for a bearish move. So first signal we have is this RSI print, next signal for enter in a short is a rejection of the price on this level (2 TP). If he...
I think price take the Buyside Liquidity and going to Daily FVG.. then going to Sellside liquidity equal Lows.
On the daily chart it can be seen that the market is bullish today. After taking the sellstop and accumulating strength, the market will make a brake in the market structure and we will look for a buy until the tp is close to the high of the day.
Here are my levels for the week. I have been really busy outside trading so I have not been able to post many updates. I continue to trade these levels a few hours every morning. Treat the levels as as support, resistance or targets. The market is currently trading in a large consolidation pattern with large daily ranges. The levels noted are the one are I feel...