Can the HOUSE be skilled and catch this Counter Trend SHORT...?
NQ1!
“Never give up, never give in, and when the upper hand is ours, may we have the ability to handle the win with the dignity that we absorbed the loss.” -Doug Williams
As I've been studying PA on the Daily TF, it seems as if we have finally hit exhaustion in the market for buyers as their job may have been complete. I was lookin at a Potential SHORT that the HOUSE may be able to capitalize on... Here's what I would like to see in PA in order to enter SHORT...
1) As 1Hr Demand Zones build up & Supply Fails, The first level of demand I need to see fail is pricing around ($18678.00) which would indicate the first sign that sellers may be present and could be ready to start the Market Correction...
2) Once we get the first 1Hr Demand Failure and we get confirmed candle closures underneath pricing ($18678.00), I want to see sellers push price down towards Daily Support Level ($18623.00)...
3) This is a very important Key.....Once we get to the Daily Support Level ($18623.00) There is a huge 1Hr indecision candle rii underneath that level that I want to see sellers push price deep into and have confirmed candle closures inside the 1Hr Candle and underneath Daily Support Level...
****I need to see sellers present with confirmed candle closures under the Daily Support Level on the 30m TF and below in order for to me place my limit...
4) If and when we can get the sequence of events to take place in PA then I will be compelled to go SHORT playing the retest of Daily Support Level pricing around ($18623.00) & targeting the resting SSL below / 1Hr demand zone EQ pricing around ($18490.50) roughly around 530 pts in our favor!!
5) This is a counter trend SHORT so we need to be very skilled in our approach... Lets stay focused!! *** Almost forgot Price needs to be trading underneath the RED V-WAP in order for me to enter SHORT as-well as a last min. cherry on top confirmation!!
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
Comment:
Topside Liquidity Sweep this Morning.... Coo! Lets continue to monitor very closely!! #BHM500K #NewERA #Champions
Comment:
YOOO FAMILY!! Lets all pay very very close attention to NQ.... I really want to catch this Counter Trend SHORT.... We have to be patient as price sets up for us.... Remember nothing in the market is set in stone! We play the long-term game of probability!! Lets continue to stalk the asset and remain patient... This could be a play for next week as well... Who knows if bulls will give up momentum this week!! -Management500K
Comment:
Sellers pushed price rii back into this 1Hr Demand and immediately took off to the upside... The narrative is still valid however its going to take time.... Til then we wait N Stalk! -Management500K
Comment:
Buyers HIT a new HISTORIC HIGH IN THE MARKET 2DAY $19K ON NQ.....And now sellers dropped price off a cliff.... Lets stay active!! -Management500K
Comment:
Price Nearing our 1st Major Confluence that we need to see (Failure of the 1Hr Demand) We need to see price break under ($18678.25) and close underneath with confirmed candle closures on the 30m TF below... Let's stay on POINT!! NOTHING is for certain and we need to stay on point!! #BHM500K
Comment:
We have officially received the 1st Major Confluence that we need to see in order to continue forward with this Market Correction SHORT ... Lets stay focused for the rest of confirmation... -Management500K
Comment:
As predicted....
Comment:
Updated FIB LEVEL SHORT....
Trade active:
WE Have received the TAG & now were in Management!! #BHM500K
Trade active:
Floating positive... -Management500K
Trade active:
Over the Weekend HOLD....
Trade active:
Market Back Open and were Managing Positively.... #BHM500K
Trade active:
Still Managing.... Lets see if we can get this 78.5 Fib Level /30m Supply Zone to hold and we can get sellers to step into the market and push NQ down and sweep the iR/LQ to the downside.... Lets stay focused! -Management500K