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 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...
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...
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.
Hello,Friends! NQ1! is making a bullish rebound on the 9H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 17048.25 level. ✅LIKE AND COMMENT MY IDEAS✅
Here are my levels for this the coming week. NQ had a sharp reversal last week bouncing 3.82% after trading down for 4 weeks in a row. Dispite the strong rally the risk of bearish continuation remains high. A rejection at the top of the 1st red box could easily send price into a compound corrective move down to the 200 sma and upward trendline. Much depends on the...
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
We think that the high of Tuesday, April 16th, is the next draw on liquidity for NQM2024. Hence we hold a bullish weekly bias for now. However we have FOMC and NFP this week. So we expect lots of manipulation and are primarily looking to scalp intraday. This is no financial advise! Do not risk real money on any idea published by us.
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.
I think MNQ will have a retracement at the beginning of the week to the zone I marked up between monday and tuesday and after that it could be mainly bullish for the rest of the week until hits the upper zone around 18100
The White arrows to the right side are KL's. 18700 YTD High, 17027 YTD Open and 16300 YTD Low. The white dash is Mid Level of YTD Range. 4/1 Post, we have hit lower target and my see some retracement back up, not looking for a KL 18590 retest. Use Yellow dots as targets for next move. Yellow diagonal TL is next retest and TLX 17867, may see sideways with slight...
Since price didn't close above the mid-point of the consolidation zone & an 8H inverted hammer formed at market close, I am looking for price to run bearish at market open and then continue back bullish at some point. Personally I'm not looking for full sells OR actual bearish structure until around 17476 where the current lows in price are at. **This is for...
I think price take the Buyside Liquidity and going to Daily FVG.. then going to Sellside liquidity equal Lows.
NQ & ES Are looking Strong, And Respecting Bullish PD Arrays, And April usually having a Rally going into May, Am expecting NQ to hit All time Highs.