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smwajeeh

Chart Idea - NQ Short -- 3/27/2024

Short
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
smwajeeh Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Analysis Support and Resistance Supply and Demand NASDAQ 100 E-MINI FUTURES shortsetup nqshort nqtrade shorttrade nq100
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trendanalysis supportandresistance supplyanddemand nq1! shortsetup nqshort nqtrade shorttrade nq100
I am short on NQ if it breaks 18457. It touched the support two times already. MACD and RSI are pointing towards the downtrend in short term. I believe it should come down into golden pocket where you can see the FVG as well, fill it first and then decide where to go from there.

Short setup on NQ
Entry: Take short if 18457 level breaks
SL: 18527
TP: 18381 (0.5 fib level)
Comment:
SL hit - Trade invalidated now
It is testing its diagonal resistance and bias is still towards the downside unless it breaks this resistance with high volume. Currently very low volume support. High probability is still there to go down and fill FVG and test the golden ratio area before making another move. Will update soon
Comment:
Trade was successfull
- Hit the areas of FVG and golden pocket before making another leg up.
Trade closed: stop reached
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