Based on this Gann chart which is quite telling of pivots we could see more downside than we have seen so far. Contradicts my MNQ chart and another NQ chart I posted but this is HTF and could signal more capitulation if there is no peace in the middle east.
I think we are in a daily rang at the top of the trend, market created new ATH recently but didn't close above the last one so I think market needs to go down to take more liquidity and resume trend
I'm looking at price action from ATH as having completed an impulse wave down to 17181.75, with an expanded flat corrective wave (area in orange ellipse), likely to complete today. Wave C (bulls, green) or wave 3 (bears, red) should be another impulse wave down below low of 17113.25.
NQ Scalping zones on 15min. Downward pressure continues after breaking below that FEB low. 17113 and 17056 are next downside targets if 17160 fails. If 17160 holds look for upside targets 17288 - 17366.
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Daily RSI hit oversold yesterday on teh Israel bomb drop, RSI not longer oversold on 3hr because of the rebound. MFI still oversold.
Probably a whipsaw day because of NFLX earnings. Gonna opt to just sit out until Monday, and figure it out then
Grabing liquidity before going down.
Taking 4hr FVG as LVLS WIth its 50% lvl nq retrace to previous fvg already broken then fell and it migh keep going down retesting this levels.
hello TradingView members,
after all kinds of analysis done, when possible future events taken into account, now it is time to translate into risk management analysis and bias. this is related only to the current leg, we may go lower than the target as long the stop-loss is not triggered.
the idea is about sharing this setup is to allow also others to consider...
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...
NAZ near lower YTD Channel after struggling to get lower during lower volume Holiday week. Usually the next move is back up the entire distance of the multiple day decline and this is typically done in the off session (non Reg Session) over 1-2 days. A Gap up may show up on Sunday and if so, retest gap drop then up and away. Should that not play out and the NAZ...
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
Not sure if it matters but NQ MFI went oversold. Probably just gonna close my puts on open for a small gain and stay cash.
Not going long until daily indicators go oversold on ES1!
Dear all,
its been quite sometimes that Nasdaq rally upward.
now the bearish signal starting to kick in
the decision making level is 17.4k if broken down
the selling pressure mostly push to the zone 16k
Best of luck
TraderApprenticePP
