after price took out weekly-low/ sell side liquidity we had a reversal from positive reports from big tech companies on NQ followed by a huge rally today, therefore I am anticipating price continuing to previous day high and maybe even previous weeks high.
The 1hr time frame could have a shallow pull back and we run to that level in london , I am looking for a overnight consolidation session between asian and london, with price coming back into 4hr bisi before rallying higher,
From 7:30-10am cst time there will be medium impacting news for the DXY that can affect NQ price action but we will see how the markets look in the AM 20-30 min before the opening bell
The 1hr time frame could have a shallow pull back and we run to that level in london , I am looking for a overnight consolidation session between asian and london, with price coming back into 4hr bisi before rallying higher,
From 7:30-10am cst time there will be medium impacting news for the DXY that can affect NQ price action but we will see how the markets look in the AM 20-30 min before the opening bell
Comment:
Pre market ran the lows into 4hr bisi and displaced higher to previous day high making the probability of a continuation in my opinion tricky we will need a lot of volume to stay above to the previous weeks high so we will have to see what happens when the market opens