NQ Nasdaq futures: There is a possibility of a selloff looming.
On the daily chart we have the first ever volume spike in a long time, thats why i believe we are headed down.
I have one completed impulse down from the ATH at 18709.00. This impulse started with an expanding leading diagonal and finished at 17181.75. Bulls (green) see this an A wave, and bears (red) see this as wave 1. Bounce off low tagged the 23.60% retracement with a zigzag and then found a new lower low. With this I see two possibilities: either we start forming more...
CME_MINI:NQ1!
“I really think a champion is defined not by their wins, but how they can recover when they fall.” - Serena Williams
Yo Family I have been studying NQ like a MAD man waiting for the right HIGH PROBABLE SET-UP...I believe that time has finally come... Below I will break down in gr8 detail as to why I believe we can potentially catch a nice LONG...
Bullish count in green, bearish count in red. Completed impulse off high of 18709 to low of 17181.75. Impulse had expanding leading diagonal to start. Bulls looking for B wave in 17765.25-18261.75 area. Bears may already have the 2 in at 17553.25. If low of 181.75 holds, bears looking for the 2 no higher than 17854.
Playing this off the bearish momentum and induction retracement back up to HOD for a short to sell off heavy today. Stay Vigilant! Anything can happen. Use proper risk management!
RSI hit oversold, MFI buried in oversold territory.
If it wasn't for he situation in the middle east, I'd go long right now. I just don't care to hold a long position overnight, the probability of an Israeli attack increases daily. Plus I figure they'll attack on Friday (Muslim holy day) since Iran attacked on Saturday (Jewish holy day).
Also, NFLX earnings AH today
This trade is based on daily range contraction from previous day. Yesterday PA forms a indecision daily candle.
Today open and makes a high of the day that forms a power 3 pattern.
After the a daily contraction, I am expecting that next day will be an expansion, a continuation of Monday expansion move.
Fundamentally, COT report indicate that the large...
our setup still running to the target, Our analysis indicate that the weekly low was created yesterday 17/04/2024. we will be bullish to take our target and the market will go very very bearish.
If any explication fell free to contact me here
- look at that 50 % 4hr FVG
- Be wise and look for any smaller timeframe buy stops to be sweeped
-Then look for 5mins Market structure shift using killzone (New york or London killzones)
price will go up into blue shaded area then drop to the lows that which is 04/13 i dont want see price go above the blue line which is the mid point of the blue shaded area if it dose that fine but if it doesn't that means it very weak
