This was a example of time and space playing apart in the algorithm time of delivery. Major Concept is that we expected 2:50 delivery and 4:15 completion these serve as zones not specifics but helps implement patience in your trading concepts because the market is obeying a law and rhythm of time between orders.
The one sided lower volume may switch or add some selling, current pre Open volume is low and NAZ not moving or floating up. The yellow arrow is range for break out. The 1HR Chart below is still showing the "Air Pocket" Divergence that was pointed out 12/20 (before the drop). Games and tricks will be needed in order to keep the NAZ elevated, these will be tested...
As we approach the year's close, the Nasdaq futures have painted a bullish canvas, steadfastly supported by the crucial ascending green trendline. This line, drawn from the beginning of the new contract period, has consistently acted as a solid floor, propelling prices upward even when faced with downward pressures.
Market Outlook :
Bullish Bias : Persistent...
NAZ fell below KL 16922 and held at support of 16900-910. ML O/N is 16924, Boxes are target and TZ's Turn Zones. White arrow is long zone and yellow is Short. NAZ is still inside the Outside Day Reversal of Wednesday and O/N High of Thursday. Need to see what the Open Drive of today will show, pattern has been 1st move drop with lift in the Dead Zone. Look for the...
Yesterday had it all, up /down bar ratio (any time frame), Air Pocket, Divergence, the works. This set up a good drop test and now the O/N has lifted back 100 of the 300 point drop, typical 2022/2023 game, we will need to see if that will be part of the games/tricks in 2024. KLOD is 16867, O/N ML is 16824, FA's and SZ's are your targets. May be last good trading...
Actually put this arrow formation on yesterday while scrolling through my charts and Wham.
I did it once before also on the Nasdaq during Covid Recovery, Wham again but it copied previous past pattern to the day the same down candle, I was posting Nasdaq at the time also because of that it's there in my past post.
These previous patterns do play out quite often...
ALERT= filo 141% daily chart show Nasdaq upper target is 21000 in long term
2 way for Nasdaq possible , go up to support( I predict 1 month ago) or go down to support ( we must buy there) then start new up trend
STRONGLY ADVICE DONT PICK SELL , LOOKING FOR BUY IN LOW after buy pinbar come
if you have open old sells, you must wait for 16460 and close or...
Price action rules suggest that once a trend line is broke, we tend to make a new extreme before the reversal. As we can see here, price has broke, made a new high, and is not stagnant.
Just as horizontal break and retests are a thing for support/resistance, angular break and retests occur on trend lines as well. It'll be interesting to see.
