Looking to see how we react to the 4H OB (red line) and where the market wants to go from here.
We are currently trading below the HTF range and Fed Jerome Powell will be speaking at 13:15 (NY time) so willing to let the market trap the overzealous traders until then.
Will tape read and see how we move from here and use the 4H OB as point of entry IF we hold...
Nasdaq moved below the 50-day MA on relatively big volume as investors' risk aversion increased on rising geopolitical risks. Yet the chart for the NQ looks bearing for the short-term. We expect short fluctuations to the upper side. However, we recommend to sell during the up-movements as we believe that the positive news is exhausted for now.
NAS - price broke through that last low that was created with momentum pushing past the lowest point (17790) before the highest point (18498) was reached.
That would signify a CHoCH and we are continuing a bearish outlook.
With ICC, after a new low is made in the market (Indication) we can expect a pullback/retracement (Correction), before the continuation.
We...
On Daily timeframe , NAS is making a retracement within Bullish trend. The key levels to watch are 17430 (0.236 Fib) and 16785 (0.382) . When we observe this Bullish trend that started in NOV 2023, every retracement is around the 0.236 Fib level so this it is highly likely that if retracement is to be made, it is made from this level.
On 4hr...
so today 4/15/16 i predicted price on the 1min tf, about coming to this small area to mitigate the last area of liquidity, and was respected with a 2 pip stoploss, now im expecting a one last touch before heading back up, all technical analysis
We've gotten a nice big range this Monday to start the week and we've just taken the sellside liquidity.
You can see how the breaker (red box) acted as inverted FVG and sent prices lower today.
IF you weren't able to take any trade or had issues with your trading today don't worry... tomorrow is another day
For all those who managed to ride the wave or take...
We are still in a scalp correction process and we have the possibility of further correction and return to our second entry point. Profit and TP were saved from the first entry point. We are with the continuation of the correction process.
POI areas for today. I'm waiting for price to take liquidity and react to these areas. I shall personally take entries dependent on how price reacts in these zones. If price takes liquidity on the 1m timeframe in any area and shoots towards a POI, then that POI is more then likely invalidated. If price slows down before reaching a POI, then it's more then likely...
Ideas not advice
Technical outlook for Monday
Fundamentally, currently ranging market
Double bottom support in 15-30min
50 EMA above
FVG/Imbalance above
Technical conclusion - retracement signs to that area and likely more
Market moving sideways on daily TM, and Head & Shoulders structure formed. However expecting price to drop back to around 17883. Expecting to sell at around the 50% FIB.
NAS100 showing choppy movements after hitting ATH.
Respecting lows from previous strong Demand zone.
Showing signs of finishing current downtrend.
Marked up lower highs which will function as TP checkpoints for reversal move.
Trade Overview:
A long opportunity presents itself on the PEPPERSTONE:NAS100 as price action reveals a potential reversal zone, inviting a strategic entry with defined risk and reward parameters.
Technical Analysis and Entry:
The 4-hour chart showcases a descent into a Fair Value Gap (FVG), potentially signaling a reversal zone around 17760.5. This serves as...
