4H Elliott wave plus fundamental analysis is confluent
If you read fundamental article you almost cannot see any institution recommend to buy in this area
5th wave Ending diagonal wave is clear
I think it very good RR to short in this area by using gap down as entry confirmation
because we expect 5 move sub wave of Zigzag to come
However there 2...
Please have a look at these levels and also my forecast for next week. have a great trading week ahead and let me know in the comments if this helps. i would love to engage with day traders like me and would love to put more daily updates as much as possible.
10/09 Weekly Plan. NQ Futures December NQZ2023.
Weekly Pivot is 14,988 [13D balance HB zone
Targets
15,151 9/20 gap top + 10/6 spike top
15,361 9/18-9/22 weekly vpoc
15,514 prior 5D balance half back
Targets
14,816 250% extension of 5D balance break down
14,628 13D balance zone low
14,526 6/8 gap bottom
Now trading at 15,020 NQZ
Alerts:
You...
After the very high non farm payroll data but slowing wage growth as well as the unemployment rate which is still in stable numbers, the increase at the end of last week showed that investors considered good economic conditions.
apart from fundamentals, from the technical perspectives a bullish candle was formed at the weekend, but by looking at these two aspects...
Expecting Consolidation Thursday Reversal or Midweek Reversal with PPI, CPI, & FOMC this week. Possible low of the week in the Weekly Volume Imbalance then bullish expansion to 50% of the Aug 21 Week's Top wick for possible high of the week. Monday & Tues will likely below probability & consolidated ranges.
As I have shown in my previous idea about CHoCH and BOS reversal entries, we have a potential reversal setting up on Nasdaq E-Mini futures.
As we can see in the 4hr chart, price has pushed above a 4hr high, which indicates a point of interest. Please be aware that the current 1 min TF structure does NOT indicate a verified reversal, but just a Change of...
If you were a trader like me, that was having a hard time understanding Change of Character and Break of Structure concepts for a long time, I hope that this example gives you clarity to be able to identify entries better.
So let's begin!
The first thing you want to identify are high timeframe points of liquidity (AT, BELOW or NEAR) highs and lows.
In this...
Remaining neutral for the night, NFP is in the morning. However, looking at a potential liquidity sweep during London Session. If the Sellside is taken into the Fair Value Gap, I will look to enter on the m1 if a Market Structure Shift occurs. Target will be the M15 Buyside liquidity.
Nasdaq Futures has closed the day and the week very strong with high volume.
I have identified the target range for the next week. Monday will be very silent as there is no big news. But the other days have all the big news with PPI and CPI data release, so there are very high chances of Nasdaq futures testing the target range and then chopp around on the Data...
Thought I would keep NQ1! and ES1! separate. Here are the NQ1! weekly levels this week.
From looking at this, it makes me think its going to want to go up. We have a 99% just above the bullish condition on the week, which, if we hold, means we should move to the initial high target. If we just wick to the 99 and fall back in, then this solidifies there is...
It hasnt rallied that much till now in the first half, even the kill zones today were volatile. Dollar Index is reaching towards heights soon and thats bad news for the NQ1!. Its time to launch the ICT Barrel and place yourself short as the master says NUDGE NUDGE NUDGE.
In this update we review the recent price action in the emini Nasdaq futures contract and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
