After having an Immediate Rebalance on the Monthly chart and testing a Weekly SSL pool, I'm expecting bullish expansion beginning the third week of March.
Entry: 18029
Stop loss: 17875
Take Profit #1: 18691.25
Take Profit #2: 19450
We see NQ forming a descending triangle into a key demand zone of 18165-18075 along with a key support zone of 18100-18060 that's been holding for some time now. With FOMC tomorrow, this will be a key zone, along with the descending pattern.
Below 18060 puts targets below into play.
Break above the descending triangle puts ATH back into pay.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
11/06 Weekly Plan. NQ Futures December NQZ2023.
Weekly Pivot is 15,042
Targets :
15,235 Friday's RTH session high
15,367 untested upside spike from 10/16
15,654 untested FVG 9/14
Targets :
14,867 top of true gap up 11/02
14,656 unmitigated singles from 11/01
14,481 top oif true gap up 11/01
Now trading at 15,181 NQZ
Alerts :
You will receive alerts in...
Monday - Accumulation
Tuesday - Manipulation (setting the high of the week in this case) CPI
We use the economic calendar to frame our weekly profile.
Wednesday - Thursday (Continuation)
Friday - Will close the weekly Candle and you will usually see it do the opposite of what the mid week did.
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of...
It's been a minute but here is a quick Freebie for y'all! Enjoy! We have been destroying CME_MINI:NQ1! lately on all of our funded accounts.
Quick Scalp Trade:
Entry@ 18273.75
Take Profit #1 @ 18341.00
Stop Loss @ 18266.50
Larger Swing Trade:
Entry@ 18273.75
Take Profit #2 @ 18672
Stop Loss @ 18104.25
For tuesdays trading i will be looking for shorts on NQ.
Here are a couple of things that im seeing for NQ
-SMT with Dow jones 1hr timeframe
-Dollar looks strong
-Eur, Gpb, and aud look very weak
-Volume IMB and daily wick consequent encroachment (half of wick) should keep price from moving higher
-Will look for a 5min break of structure during NY trading
Be prepared for a downward move with a sell stop order below support, aiming for a profit at a lower volume area. Employ tight stop losses to manage risk effectively, and stay vigilant for market news that may impact index volatility. Always adhere to prudent risk management practices to protect capital.
