Hello,Friends! The BB upper band is nearby so NQ1! is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 17922.50. ✅LIKE AND COMMENT MY IDEAS✅
Same idea here as $ES. One thing to note though, is there is relative weakness here compared to $ES. We failed to retake Friday's premarket high on $NQ. We did create a gap of interest below around 598, however the setup isn't as strong. Break of Friday's low @545 and I am interested in buying the dip @489 for strong support.
New record highs on indexes!! The DJI broker 40k, and CME_MINI:NQ1! itself broke to nATH as well. CBOT_MINI:YM1! never actually made a nATH, but cash DJ:DJI did - so I wan waiting for that to resolve itself. The good news is that CME_MINI:NQ1! has a really clean weekly chart here, so I will be focusing on that this week instead of the Dow. I think we...
Time & Price 👁 NY PM Session offered beautiful reversal at -5 deviation which beautifuly overlapped with Discount of Dealing Range and H1 BISI (Buyside Imbalance Sellside Inefficiency) Also notice how bodies stayed ABOVE -4 Deviation! It's not random.
4:00pm - ~4:50pm - a few experimental trades but overall a good day - after the 4th trade I cut my risk in hlaf and kept trading PnL: +2 RR
I wanted to let you know that today we are bullish. I confused the analysis with the one from DXY which is bearish. Sorry I wasn't paying attention. Be careful
We reflected on the market and today we are bearish. We only have one medium impact news at 10:15am New York local time. Be careful that today is Friday and usually on Monday and Friday the market is not as precise and does not always respect the strategy you want to apply.
CME_MINI:NQM2024 - PR High: 18657.00 - PR Low: 18640.00 - NZ Spread: 38.0 No significant economic calendar events Pushed ATH to ~18760 - Faded back inside Wed range - Inventory response of prev session low, slight session break gap up - Relatively low volume to start the session Evening Stats (As of 1:45 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open <...
Trade Plan 05/17/2024 Watch overnight PA and consolidation area, after NY Open wait to see if consolidation zone works as Support/resistance or magnet as chop zone. 1. IF Consolidation area works as support, go Long 2. IF Consolidation area works as support. go short 3. IF Consolidation area works as magnet and chops, play the range until it breaks
4pm - 4.55pm -all trades were OK/good imo ---> maybe 4 trades per day? PnL: -1 RR
The price can fall after taking the liquidity of the equal Highs
Considering that at 08:30 we had high impact news, we predicted that the market would go down, but it seems that it did not form a fvg that would give us an entry into the sell. That's why I will wait for him to take the part of sellside liquidity and I will go long. That is why it is difficult to have a precise analysis on the day when you have high impact news....
1. Imbalance below 2. 4hr bearish (tpd twice) 3. 1hr bearish (tpd twice) 4. 45min FSH 5. 30min SSl
seasonal tendency is kicking in! What are your thoughts??
I want to inform you that after doing the analysis, today we are bearish. It is important to take care that at 08:30 we have high impact news. The analysis may change depending on what happens after the news. Pay attention and be careful.
CME_MINI:NQM2024 - PR High: 18715.75 - PR Low: 18687.50 - NZ Spread: 63.25 Key economic calendar events 08:30 | Initial Jobless Claims - Philadelphia Fed Manufacturing Index Inching into new ATHs - Prev session momentum with returning participation - Holding above prev session high - Mechanical 18740 supply, inventory off PR high - No major correction since...
As NQ1! price moves towards its ATH at 18709, and assuming that new ATHs are found shortly, I'm looking at this being wave 5 of (3) of ((5)). Wave (1) of ((5)) was an expanding leading diagonal. Major corrections in the primary wave structure coincide with significant world events (i.e. Great Financial Crisis, COVID-19, etc.). S&P, DJI, and Russell 2000 all at...
It is hard to cast a bearish sentiment and never popular in a bull market. While bulls are an excellent thing and easily bring the increase over long spreads of time, bears IF encountered take one swipe causing massive injury just before they stomp and ragdoll its victims in such a way most don't survive. Bear cycles are very fast and hard in comparision to...