Bullish scenario. Sellside liquidity has been swept. Market showing displacement higher, after low made. New higher lows at discount should provide low risk high reward high probability trade setup to target buyside liquidity and premium fair value gap above the market.
Enjoy!
Final week of month and quarter, with a long weekend & Holiday (4 day week, low volume, look LONG). NAZ in NTZ (no trade zone) at mid channel, will need to move up/down near KL for better signal. Chart: Thick white arrow is upper target, Thick yellow is lower, NAZ will need to move away/passed form either Shaded Zone and if not go with Opposite Direction Trade at...
If we are to compare ES1! with NQ1!, you will be quick to realise that NQ1! swept buystops, creating the highs at 18709 before swiftly trickling lower, printing lower lows and lower highs whilst ES1! has already closed above previous all-time highs before retracing.
18500 with 18492 being the first target with a stretch for 18382.75 throughout the week
My...
this is just a potential breakdown after a retest of highs in orange
TP1 at Pivot S1 with a potential of TP2 at S2 in New York Session
remember, only reason for short is due to the fact that it took a liquidity sweep at open
stop loss above sweep or recent high
CME_MINI:NQM2024
- PR High: 18507.00
- PR Low: 18477.00
- NZ Spread: 67.0
Key economic calendar events
08:30 | Initial Jobless Claims
- GDP
09:45 | Chicago PMI
Prev session closed flat with high vol
- Another inventory dip back inside week range
- Holding inside prev 3 session range
- Last trading day of month ahead of long weekend
Evening Stats (As of...
Short Term Elliott Wave view in Nasdaq 100 (NQ) suggests that pullback to 18011.3 ended wave 4. The Index has turned higher in wave 5. Internal subdivision of wave 5 is unfolding as a diagonal. Up from wave 4, wave (i) ended at 18106.75 and wave (ii) ended at 18044. Wave (iii) higher ended at 18289.25 and wave (iv) ended at 18263.25. Final leg wave (v) ended at...
Huge uptrend still strong. Bull flag forming in the 4h TF. I scalped intraday. But swing position should be at the touch of the trendline+bull flag trendline. You can add more on the breakout of the bull flag.
How to train the eyes, to see the markets clearly and trade accordingly.
This is a example from my deep dive archive, making these, archiving them and studying them, and deeply understanding them has profound effects on your trading. This post is not about the style you trade. This is about how you study to be able to apply your methods, methodically with little...
